To avoid this outcome, Germany needs to adopt policies – fiscal stimulus, higher spending on infrastructure and public investment, and more rapid wage growth – that would boost domestic spending and reduce the country’s external surplus. Unless, and until, Germany moves in this direction, no one should bet the farm on a more robust and sustained eurozone recovery.
要避免这一结果，德国需要采取能提振国内支出、降低其外部盈余的政策——财政刺激、提高基础设施和公共投资支出，以及工资加快上涨。除非德国向这一方向转变，否则欧元区复苏难以达到强劲而持续的程度。