Ladies and gentlemen The need for reform in the sluggish countries should not blind us to the fact that there is a need for economic policy action here in Germany, too. A few months ago the Wall Street Journal ran a story entitled “Euro Zone’s Next Reform Candidate: Germany”.
A saying we know from the world of sport is equally pertinent in other walks of life: don’t rest on your laurels. We have seen that there is truth in this saying at the World Cup in Brazil, where some of the favourites have already come in for quite a nasty surprise. 5.