GERMAN CRISIS: Berlin facing ‘dangerous’ economic future as political chaos engulfs Merkel | WHAT REALLY HAPPENED

GERMAN CRISIS: Berlin facing ‘dangerous’ economic future as political chaos engulfs Merkel

The risk of a massive economic decline has prompted calls for change in direction by the European Central Bank (ECB).

Professor Clemens Fuest, head of the IFO Institute, has said: “It is very clear that monetary policy is too expansionary for Germany by any rule you care to use, but it is also too expansionary even for the rest of eurozone.

“We are seeing a strong acceleration everywhere. We think the ECB should be cutting asset purchases to zero by April.”

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