To be fair with Schroeder, he tried and by European standards he did do more than other governments in the past few years. But the problems in Germany are more entrenched now.
More Quotes from Lorenzo Codogno:
It's not that clear cut that intervention will have an impact, ... What appears to be driving down the euro are money flows out of the euro zone. If this is the case, it is not the optimal moment for currency intervention.Lorenzo Codogno
The government was very reluctant to take a position because it's a very delicate situation, but now they are really turning the pressure on.
Lorenzo Codogno
The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.
Lorenzo Codogno
Protectionism remains the major threat to global growth.
Lorenzo Codogno
The debate may not have changed significantly the chances of victory of the two coalitions.
Lorenzo Codogno
There are a number of countries that are increasingly uneasy about competitive pressures coming from Asia, and the softening of domestic industry.
Lorenzo Codogno
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