Debt, Arms and Nuclear Power Are Key to German Renaissance
Europe’s biggest economy should seize its opportunity for renewal.
Germany should seize the moment to embark upon a political and economic renewal.
Photographer: Ina Fassbender/AFP/Getty Images
The collapse of Germany’s deeply unloved and dysfunctional three-party coalition offers Europe’s biggest economy an opportunity for political and economic renewal. Two important questions arise: Will Germany put aside political squabbles and grab its golden opportunity. And if so, what can and should it do?
On the first point, I’m not entirely confident. On the second, there’s no shortage of bold and sensible ideas — reforming Germany’s debt brake to fund investment, stemming an exodus of capital and properly funding the country’s military are obvious places to start.