Allies See Germany Trying Bailout With a Thimble

The New York Times
December 16, 2008

Does the German government simply hate John Maynard Keynes? Or does it just have an enduring and passionate love for Herbert Hoover? Faced with a once-in-a-generation recession, the government of Chancellor Angela Merkel knows what it is not going to do: spend money like it is going out of style. more