‘Stark’ message is to play by Germany’s rules

FOR anybody sad enough to surf the economics blogs that have become so popular since the global economic crisis began in 2007, it is very apparent that the world of economics is totally divided on the most appropriate stance to take to turn the crisis around.

In one corner, the ‘red’ corner, we have the proponents of ‘Keynesian’ economics who believe that policy makers should be increasing spending and cutting taxes to stimulate economic recovery, regardless of how much debt countries already have on board.

Such an approach would generally be pushed by those of a left-leaning bent, but increasingly many of a more right-leaning perspective are moving into this corner.