German Chancellor Angela Merkel (left) and French President Emmanuel Macron hold a joint press conference at the end of the European Council in Brussels, Belgium, on June 23, 2017. The two leaders have disagreed on the path forward for Europe several times in recent years. Photo: EPA
David Brown
Opinion

Opinion

Macroscope by David Brown

As the global economy falters, Europe must not leave all the heavy economic lifting to the US and China

  • Germany must ditch its fiscal conservatism and put its budget surplus to work
  • An ultra-loose monetary policy in conjunction with over-tight fiscal policy is hampering growth and distorting the euro zone yield curve
German Chancellor Angela Merkel (left) and French President Emmanuel Macron hold a joint press conference at the end of the European Council in Brussels, Belgium, on June 23, 2017. The two leaders have disagreed on the path forward for Europe several times in recent years. Photo: EPA
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