Dallas Fed's Fisher on German economic decline

In the speech 'Is German economic decline exaggerated or inevitable?' given on 20 November Richard W. Fisher of the Federal Reserve Bank of Dallas said Germany has embarked upon what is certain to be a long and difficult journey to secure its future in a tough, competitive, globalized world.

"Success will require the kind of determination that was the hallmark of the Bundesbank during the postwar period. And just as the Bundesbank charted the best course to navigate a treacherous world, the

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