The Japanization of Europe

Zero interest rate and weak growth: What Japan has known for a long time is now also being experienced in Europe. This does not bode well.

This commentary is from the column “Mayers Weltwirtschaft” (Mayer’s World Economy) which was published in the FAS (Frankfurter Allgemeine Sonntagszeitung) and is available online at www.faz.net (in German only).