Questioning Germany's economic model for Europe

Press quote (New York Times)
Philip Whyte
22 November 2010

Elsewhere, Philip Whyte of the Centre for European Reform, a British research organisation, foresaw "deeply pernicious consequences" if Germany's economy emerges as the EU benchmark for everyone else. "A more German eurozone," he wrote, "would be afflicted by chronically weak demand, debilitating cycles of competitive wage cuts, and prolonged economic slumps in the deficit countries."