Germany’s finance minister has gone on the record as saying that Britain’s rush into ever greater debt to try to halt a recession is foolish, even “depressing”.
Crikey. It makes me wonder whether Germany, mindful of what happened in the hyper-inflation of the 1920s, is worried that sooner or later, the vast amounts of money being hurled at the economies in the West, such as in Britain, will produce a sharp rise in inflation and that ever-higher borrowing will only prolong, but not halt, the current pain.
Anyway, this is bound to be seized upon by the Tories. It will be interesting to see if they do so.