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Mr. Posen and others argue that while Germany may be doing more stimulus spending than others in Europe, it is counseling other European countries — many of which share the euro as their common currency — not to spend their way out of recession either, but to count on their safety nets to do much of the job. “They’re the ones who basically browbeat other countries into not spending,” he said, “who give intellectual and political backbone to other countries’ conservative leanings not to stimulate.
Europe, Aided by Safety Nets, Resists U.S. Stimulus Push - NYTimes.com
So let me get this straight. We are lecturing Germany about being too conservative and advocating the same in the EU when our lack of fical conservatism created for us a financial crisis?
