[Skybird]

Analysts and observers are united in attributing it directly to the finance crisis. Germany was in a solid boom before the crisis broke open. You maybe don't want to hear it, but we can directly say thankyou to Wall Street and the american finance market model for having kicked us into a recession, and all world economy along with us. And our politicians have warned of these events since three years and demanded from Washington and london to accept installing better rules for transactions and better supervision to safeguard against failures of individuals, speculators, and banks. Washington and London just laughed. they do not laugh anymore. but the damage they have allowed to take place - still is at our cost. And the demands of not regulating the processes that caused the mess - still are there. The G-20 ended with a declaration with 50 ppoints. but if you look close eniogh you see tzhat all these points are vague forumations, intentions that could interpreted this or that way, and there is almost nothing that would have nailed Washington on accepting that "just the old ways" and laissez-faire are no longer an option. the subcommitees working of filling these vague declarations of intention with solid substance, will start next year. I expect a lot of blockade from Oabama as well as London, and honestly - i expect nothing substantial at all from it.

So, don't smirk. If america would have done its homework, Germany would not have fallen into a recession. Aghain - we have been in a boom and planned for a balanced budget, until the crisis made in the US started to emerge.