Germany’s Hidden Weaknesses
Dr. Norbert Walter is the former Chief Economist of Deutsche Bank. Dr. Walter is currently head of Walter & Töchter Consult.
In this essay, which originally appeared in the New York Times, Dr. Norbert Walter looks at the renewed calls for Germany to increase its assistance to the euro in the face of a possible Greek default. According to Dr. Walter, while many may argue that Germany’s economic success should lead it to provide more money to the union, the German economy may not be as well off as believed.