Interview with Nobel Economist Paul Krugman 'Merkel and Steinbrück Are Wasting Crucial Time'

This year's winner of the Nobel Prize for Economics, Paul Krugman, has joined the chorus of those criticizing German government inaction in the face of the financial crisis. He spoke to SPIEGEL about the price of doing nothing and why he thinks Berlin has misjudged the severity of the slump.
Interview conducted by Frank Hornig