“It’s not my job to make the politicians happy”
US economist Jeffrey Sachs proposes a master plan for the world economy: forgive Greece’s debt, make Southern Europe more like Germany, raise taxes in America.
ZEIT ONLINE: The US will run into the next fiscal stand-off in a few weeks. In Europe, none of the crisis countries will manage to keep its budget deficit in check this year. Is Germany surrounded by fools?
Jeffrey Sachs: Well, Germany’s Northern neighbors, the Scandinavian countries and the Netherlands, have a sensible economic policy, as has Germany. But the situation in Southern Europe is definitely poor, and in the US it is poor to mediocre.
Read full article at Zeit Online
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