University of Southern California

The European Debt Crisis: An Alternative Solution
July 18, 2012 • The Huffington Post
Source: 
The Huffington Post

The Huffington Post ran a column by Aris Protopapadakis suggesting that Germany needs to abandon its insistence on severe austerity in order for the European debt crisis to abate. “Given its recent history, [an inflation] rate of four or five percent would seem sustainable without causing economic havoc, while helping to restore competitive balance on the continent,” Protopapadakis wrote. “A little more inflation in Germany is in its self-interest.”