Each country has to tackle its own structural problems, and it is up to governments, parliaments and their advisors to assess what can be learned from other countries’ experiences. As far as Germany is concerned, there is no room for complacency; Germany has economic challenges of its own to face.
The mere hint by Chairman Bernanke about possibility of an early QE-tapering led to an exodus by the FIIs, especially in the debt segment. The rupee went into a tailspin and depreciated sharply by over 19 per cent, touching a historic low of 68.85 on August 28, 2013.