Germany’s Finance Minister Peer Steinbrueck, fears that after the economic crisis, we could see high inflation and a “crisis after the crisis” when the global economy recovers.
He said: ‘What causes me concern is that the next crisis is already being programmed because of all the enormous debt-financed counter measures being conducted worldwide’.
“So much money is being pumped into the market that capital markets could easily become overwhelmed, resulting in a global period of inflation in the recovery.”
Germany relies heavily on exports, making its economy heavily affected by the current global economic crisis.
Steinbrueck also rejected a third stimulus plan for Germany, saying it was necessary to first see the results of the first two.
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