Italy inspires confidence

first_imgKohl had a ready quip, too, when challenged about his government’s excessive budget deficit – edging over 3% of GDP and moving towards 4%. Acknowledging the Schadenfreude Germany’s economic plight is bound to generate, the Chancellor recalled his school days. “I was an average pupil,” he informed journalists, “and I remember that when the top of the class got bad results, everybody else was really happy.”last_img