Some aspects of European policy, especially German economic policy, do hurt the world economy and deserve condemnation.
Ze Germans treat themselves badly, with a ruinous obsession over public debt. And the costs of that obsession are spilling over to the world as a whole.
Some background: Around 2010, politicians and pundits on both sides of the Atlantic caught a bad case of austerity fever. Somehow they lost interest in fighting unemployment, even though it remained high(relative to their economy of course coz when it comes to Kenya and Africa a superlative will have to be used), and demanded spending cuts instead. And these spending cuts, in a weak economy, slowed the recovery and delayed the return to full employment.
The Bond market in the European Central Bank, Europe’s counterpart to the Federal Reserve, is currently effectively begging Germany to borrow; in fact, it’s willing to pay Germany to borrow, by lending at negative interest! And there’s no lack of things to spend on: Germany, like America, has crumbling infrastructure desperately in need of repair. But spend they won’t.
Waitie hii serikali yetu hio loan waone vile tunaweza vunjika tukikimbia huko.