German economy under pressure from bank losses and euro crisis

merkel-frankfurt
Downbeat: Chancellor Merkel has come in for domestic criticism

In December 2008, a few months after the collapse of Lehman Brothers, German chancellor Angela Merkel addressed members of her centre-right Christian Democrat party in Stuttgart, the capital of Baden-Württemberg. In a nod to the region’s reputation for frugality and hard work, she suggested the crisis might have been avoided had Lehman executives heeded the advice of a local housewife. “She would give some short and correct advice, which would be this: you can’t live beyond your means,” said Mer

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: