Germany's Debt Spiral Warning Ignored As Berlin Doubles Down On Spending

Germany's Debt Spiral Warning Ignored As Berlin Doubles Down On Spending Submitted by Thomas Kolbe Finance Minister Lars Klingbeil is a sensitive character. Such personalities tend to react irrationally and extremely defensively to criticism. They are prone to resentment and quick retaliatory reflexes. So it was only a matter of time before the Federal Court of Auditors, too, felt the cold anger of the thin-skinned Social Democrat. Late last year, criticism from the auditors was promptly followed by a budget cut imposed by the Finance Ministry. The move was meant as a...