Thursday, May 03, 2012

German economy said to face risk of inflation

Although the economy of Germany is performing better than most 'of her European neighbours, such as Britain and France, it is, according to an analysis, facing the risk of inflation 'or rise of the general level of prices of goods and services. 'Inflation, that acts to erode, 'in real term, purchasing power of  households, 'could also lead to instability. A period of uncontrollable rise of the general price level happened 'in Germany during the interwar years ('1919-1939') 'that caused the fall of the Weimar Republic and ascendance of a mass'-'based 'Nazi Party whose many cerita'-'cerita hantu are now pretty familiar to the world. The introspection of Pastor Martin Niemoller (1892-1984) on the rise of Nazism is also remembered by many people, particularly Germans.