LATIMES/ "Germany is traumatized with respect to inflation and public debt," said Frank Englmann of the University of Stuttgart. "This is because of the historical experience." Two long, costly, humiliating defeats in wars, its patitiion and several currency revaluations have traumatized it and made it fiscally tightfisted, perhaps even impeding global recovery. "Always saving, saving, saving; it's part of the German mentality," says social observer Peggi Liebisch.
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