Is growing by 0.1% normal, Mr Schäuble?

“We don’t have quite such good economic growth as we did before but we are performing close to our economic capacity. We can’t allow thoughtless chitchat about a ‘crisis’ to encourage one,” said Mr Schäuble defending Angela Merkel’s actions.

Their cabinet is under increasing pressure to lead the eurozone’s recovery by boosting investment, among others.

“Germany should boldly expand domestic demand (public and private), thus overheating its economy, crowing out exports, and increasing inflation,” economist Francesco Saraceno explained.

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