A few remarks on the German fiscal stimulus zombie, which just won’t die. Over the weekend Finance Minister Olaf Scholz added fuel to the fire by reminiscing over the size of Germany’s stimulus in the wake of the 2008-2009 recession. The message was clear: here’s a trial balloon on the size of a potential fiscal stimulus package, which, by the way, would require a majority vote in the Bundestag to declare a crisis and temporarily suspend the infamous ‘debt brake.’

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