Financial Times FT.com

Merkel has a valid point about ‘cheap money’

Published: December 1 2008 02:00 | Last updated: December 1 2008 02:00

From Mr Michael Power.

Sir, You accuse Germany of following beggar-thy-neighbour policies by not participating wholeheartedly in the fiscal fiasco now unfolding across much of the west (“Fiscal fairness, not fiscal prudence”, editorial, November 27).

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