The G-20 Debate Germany Warns US Not to Become 'Addicted to Borrowing'

The US has heavily criticized German austerity measures in recent days. Now, Germany's finance minister has fired back, warning against becoming addicted to deficit spending and noting that history has made the country extremely wary of national debt and inflation.
German Finance Minister Wolfgang Schäuble says that the US ignores Germany's social welfare system as a factor in economic stimulus.

German Finance Minister Wolfgang Schäuble says that the US ignores Germany's social welfare system as a factor in economic stimulus.

Foto: THOMAS PETER/ REUTERS
cgh -- with wire reports