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| About the German economic mythology |
On the subject of economic policy, some opinion makers in Germany peddle myths, i.e. imaginary tales without a factual basis aimed at pleasing the crowd.
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We have the myth that the ECB is robbing German savers to the benefit of the Italians or the French; or that calls for fiscal stimulus are there only to make up for the economic shortcomings of the rest of the Eurozone; or that the banking union project aims to make the Germans bear a risk concentrated outside Germany, etc. There is nothing to be gained by letting these myths flourish. And that is why we criticise them....
Read the full report
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ODDO BHF Corporates & Markets, Economy, 4 December 2019-Bruno Cavalier, Fabien Bossy
06.12.2019
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