Exports and manufacturing output is down.
After a decade of nearly uninterrupted growth, the German economy is stuttering.
Once, emulating Germany would be something to be proud of. Not at the moment.
With a relatively low debt to GDP ratio, Australia was never at risk of becoming Greece. But Germany, with negative interest rates and scant prospects for economic growth, is an open question.
The German model of balancing shareholder interests on company boards with worker representatives is again attracting interest in the US, Britain and Australia.
Putting employee directors on Australian boards is seriously back on the agenda for the first time since the 1970s.
As fears of a US-China trade war grow, the eurozone is starting to look like a rock.
Angela Merkel has thus far closed her eyes to the need for more spending, at her country’s peril.
There’s growing pressure on Germany to spend more to support Europe – and for good reason. But it’s proving to be a hard sell to the country’s leaders. Germany’s budget is balanced and the government insists…