Germany declares economic war

Ambrose Evans-Pritchard, TELEGRAPH [UK]:

If there are any German readers of this blog, I would like to know what they think of the latest breath-taking provocations of German finance minister Peer Steinbrück.

Remember that Herr Steinbrück is not a journalist, pundit, or back-bench maverick. He speaks officially for the German government and for the German nation on the international stage.

Every assertion that he made about Britain in his interview with Stern is either factually wrong, or such a serious distortion of events that it amounts to a smear. Furthermore, it was quite threatening.

What he said, in effect, is that Germany will marshal its forces to ensure that a chunk of the British economy is shut down – whatever the social consequences. This is the closest thing I have seen to a declaration of economic warfare in Western Europe in my lifetime.
[...]

Now here’s a war the Germans might actually be able to win against the British.

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