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Correspondent in new york jose luis to horo was a good to see there so say everyone everyones watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. Well stephen as you mentioned even if germany implements any kind of a stimulus it may have void a recession or an economy gets sick nation at a time that investors a year in wall street see growing financial will not ability of german households and Companies Germany is the biggest economy in europe and even if the European Central bank will probably implement a fresh set of the stimulus its effect may be limited sense we are already close to that effective lower bound of Monetary Policy so the possibility of a push from a different skill side makes markets and believe that the current downturn in germany will n ....
A positive note the Dow Jones Industrial average ending the day up by just over one percent report that germany is open to an economic stimulus package helped bring buyers back to the market it appears the berlin government is willing to suspend its balanced budget rule and take on debt investors hope that europes largest economy can steer itself away from recession. And lets go now to our financial correspondent in new york jose luis to horo was a good to see there so say every everyones watching germany here why is everyone watching germany why are investors so interested in german fiscal policy. Well stephen as you mentioned even germany implements any kind of a stimulus that may have boyd a recession or an economy get sick nation at a time that investors a year in wall street see a growing financial will not ability of german households and Companies Germany is t ....