Another piece from Die Spiegel -
www.spiegel.de/ Germany was biggest debt transgressor of 20th century
According to the German Economic Historian, Albrecht Ritschl -
during the 20th century, Germany was responsible for what were the biggest national bankruptcies in recent history. It is only thanks to the United States, which sacrificed vast amounts of money after both World War I and World War II, that Germany is financially stable today and holds the status of Europe's headmaster. That fact, unfortunately, often seems to be forgotten.
The whole interview really is dynamite and for those that are still minded to believe that the German economy is some sort of miracle based on past prudence and austerity they should read this and then keep very quiet indeed. Certainly, I shall have it bookmarked and refer to it whenever one of Dr Merkel's little friends pop up here to tell us how we should all be licking the very earth that she treads upon.