Germany Must Spend to Save Europe's Economy, Experts Warn

A major new survey of economists says Europe's economic growth depends on one thing: Germany opening its wallet. The German government is planning a large fiscal push, meaning more public spending and investment. However, a Financial Times survey finds this may only prevent a worse slowdown, not create strong growth. Economists predict the rate of increase in output across Europe will still slow down. They argue that Germany's spending is crucial to support the entire region. As Europe's largest economy, Germany's actions have a big impact on its neighbors. The economists' message is clear: without a German spending spree, the continent's growth prospects look weak.