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Return of "The German Menace"
The unequal yoking of economic giant and political dwarf could not last forever
Published online by Cambridge University Press: 06 September 2018
Extract
A specter is haunting Europe again, the specter of a revived German menace. To an ever increasing extent commentators on me European political scene are conjuring the horrible vision of a Europe under the yoke of West Germany's rule. West Germany has come through the worldwide recession better than anyone else. It ranks fifth in the world in per capita income, second lowest with regard to both inflation and unemployment, and second lowest in work days lost through strikes. What is more, the deutsche mark is one of the hardest currencies of the world, and Bonn's foreign currency reserves are the greatest in the world.
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- Copyright © Carnegie Council for Ethics in International Affairs 1977