"Rebalancing the economy is necessary and would benefit Germany and its trading partners," she writes.
In an op-ed in the Financial Times, Anke Hassel writes that Germany needs to abandon its current account surplus, boost domestic demand and deal with its low-wage sector - but the change "will require a significant, and painful, shift in policy." Read the full article here (behind a paywall).
More about the author
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Anke Hassel, Professor of Public Policy