Germany’s fiscally conservative establishment would like other EU countries with large budget deficits to return to economic health through fiscal discipline, reduced domestic demand, and high export growth. The problem, German leaders believe, is not their country’s high saving rate, but other euro-zone members’ excessive spending.
朔伊布勒的观点体现了德国挥之不去的通货紧缩前景。德国当局一向采取保守的财政政策，并希望欧盟其它预算赤字大国通过财政规范、内需下降及出口高增长来恢复经济健康。在德国领导人看来，问题不在于德国的高储蓄率，而是欧元区其它国家的过度消费。