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Peer Steinbrück



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Deficit of Courage

In recent Newsweek article , German finance minister Peer Steinbrück criticized the recent stimulus measures proposed by UK Prime Minister Gordon Brown, remarking, "The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking." Brown wasn't pleased. But no...

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Thinking about Steinbruck

Peer Steinbruck's comments on Gordon Brown's economics policies are well known. I thought I'd briefly explore some of his possible motivations. The SPD in Germany is in coalition with the Christian Democrats. While ministries are allocated between them, Christian Democrats have a majority of the seats, and, accordingly, the government is one of the right, whether Steinbruck is...

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Profile: Peer Steinbruck

As a smart and plain-speaking political operator who never goes anywhere without his pocket chess computer, Peer Steinbruck is well aware of the difference between strategy and tactics.

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Steinbruck twisting in the wind… | afoe | A Fistful of Euros ...

German finance minister Peer Steinbrück has made some enemies lately, giving an interview in which he accused the UK of. Go to Full Article...

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Steinbruck twisting in the wind…

German finance minister Peer Steinbrück has made some enemies lately, giving an interview in which he accused the UK of “crass Keynesianism” and complained that it had spent so many years lecturing the rest of the EU about fiscal rectitude. The last bit’s pretty cheeky from a German finance minister, after all those years of [...]

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Berlin plays down Steinbrück's attack on UK

Berlin sought to play down the attack by Peer Steinbrück on Britain's economic crisis management, but opposition politicians said the finance minister's outburst was damaging Germany's influence abroad

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Stimulus

Peer Steinbrück, the German Minister of Finance, gave an interview to Newsweek today in which he defends the caution the German government has displayed in the face of a Europe-wide efforts to put together a stimulus package for the ailing world economy: What is wrong with the stimulus proposals? The speed at which proposals are put together [...]

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Gordon Brown faces Peer pressure over recovery plan

What should we make the attack by the German finance minister, Peer Steinbruck, on Gordon Brown and Alistair's Darling's "crass Keynesianism" in seeking to provide a fiscal stimulus – higher spending, lower taxes – designed to help Britain out of a deeper recession? There's bound to be a lot of domestic SPD-CDU politics in Steinbruck's outburst, possibly some media mischief too;...

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German lessons

Finance minister Peer Steinbrück's conservatism is partly politicking. But Germany must start spending. The consequences otherwise will be dire

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Nein, nein nein!

The intervention of German Finance Minister Peer Steinbruck in Gordon Brown’s great plan for economic renewal, while not exactly the height of international diplomacy, shows the extent to which the Prime Minister is not ’saving the world’. I have just watched Childrens’ Secretary Ed Balls claim, rather spuriously, on Sky News that once the Germans have [...]

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Nein bitte!

German Finance Minister Peer Steinbruck (I’m afraid I can’t manage an umlaut) has rather neatly summed up the efficacy of Alistair Darling’s VAT cut. "Are you really going to buy a DVD player because it now costs £39.10 instead of £39.90? All this will do is raise Britain's debt to a level that will take a generation to work off." 100% correct. The cut is an expensive expedient which...

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It begins….

... other Europeans are upset over Germany’s inaction on the fiscal front. German Finance Minister Peer Steinbruck’s warning against “crass Keynesianism” to NEWSWEEK’s Stefan Theil has merely stoked these concerns even more. If this fear persists, there is a danger that any Keynesian boost will come attached with protectionist provisions to ensure that the benefits remain within national...

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No swift deal on German stimulus package

German Finance Mininster Peer Steinbrück says he doesn't expect a swift agreement on the government's second economic stimulus package. Senior members of Chancellor Angela Merkel's coalition government are to meet on January 5 to discuss the key elements of the rescue plan which will focus on investment in the country's infrastructure. Steinbrück rejected renewed calls for tax...

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No swift agreement to German economic stimulus package: minister

German Finance Mininster Peer Steinbrück says he doesn't expect a swift agreement on the government's second economic stimulus package. Senior members of Chancellor Angela Merkel's coalition government are to meet on January 5 to discuss the key elements of the rescue plan which will focus on investment in the country's infrastructure. Steinbrück rejected renewed calls for tax...

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Secondary Sources: German Stimulus', World Recession, Real Wages

A roundup of economic news from around the Web. Germany’s Way Out: Writing for the Journal, German finance minister Peer Steinbrück looks at what...