Keeping up with the Germans
In the eurozone right now, Germany is like the good, house-proud neighbour in a bad estate, but what is it prepared to do to clean up the area, asks David McWilliams.
Let's talk about Germany. What does Germany want? Why is it important? How does what the Germans want affect us?
This week, we have an American flavour to the column because I am writing this from southern California, where I have just had the pleasure of listening to probably the most important player in the global bond market, Mohamed El-Erian, the chief executive of Pimco, the world's largest bond fund.
When this guy speaks and...
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