Publication

This paper discusses the various problems facing the German economy from a European and US perspective. The author argues that as Europe's largest economy, Germany is the key to boosting growth rates on the Continent and to expanding trans-Atlantic trade. He states, however, that Berlin's labor-market reforms have not been enough and that financial markets, as well as the tight family control of major German companies, need to be opened up. He concludes that in the trans-Atlantic marketplace, liberalization of German capital markets and deregulation of German business is not just a German issue, but a global one too.