Northern dogmatism damages European solidarity

Zero deficits might not always be economically advantageous [Photo: GettyImages]
Germany’s current debate about the ‘schwarze Null’ is heating up. Last month, SPD-frontwoman Saskia Esken threw her weight behind existing calls to let go of Germany’s unwritten rule that bans government deficits and has yielded eight consecutive years of budget balance for the federal government. Even Jens Weidmann, notorious throughout Europe for his hawkish stance as president of the Bundesbank, has said Germany should not fetishize the black zero. The debate is a welcome development not only for Germany but for the EU as a whole.

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