Last quote by Hans-Werner Sinn
Unfortunately, things didn't go as well with the euro as we had thought. The euro is in an existential crisis at the moment. Some countries have over-extended themselves, and their inflation, through using inexpensive credit before the crisis and before the euro. They are now left with wages and prices that are much too high, they've lost their competitiveness and have to finance huge foreign trade deficits.
Jan 02 2012
Hans-Werner Sinn has been quoted 6 times. The two most recent articles where Hans-Werner Sinn has been quoted are Crisis -- what crisis? German firms upbeat and German and French businesses more optimistic. Most recently, Hans-Werner Sinn was quoted as having said, “Construction is doing great, retail fine, and even the manufacturing sector is slightly up. This is amazing given the global downward trend.”.
Quotes by Hans-Werner Sinn
Dec 20 2011
Construction is doing great, retail fine, and even the manufacturing sector is slightly up. This is amazing given the global downward trend.
Dec 17 2010
The reason why Germany is doing so well is the crisis. We have had some pretty tough years with the euro. Capital had left Germany only to be invested in seemingly more promising countries of the euro zone (like Greece, Ireland, Spain). Germany had zero growth. That has all changed completely now.
Sep 24 2010
There is a global economic recovery. Germany, as an export nation, is one of the first to take advantage of that – as we were the first to suffer from the downturn. We benefit from strong demand in emerging markets. And now we have strong domestic demand, as the banks are investing at home rather than overseas.
Mar 05 2010
We can help by permanently giving Greece gifts every year in this order of magnitude or ask the country to devalue. A devaluation can be done within the euro zone by cutting wages and prices, but this is the recipe for disorder and revolution.
Dec 18 2008
We think that the Americans are going to face a very difficult 10 years or more. Because it is impossible to wipe out a current account deficit accumulated over decades in just one economic cycle.
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