Is the finance minister right to hold tight and hope?

ECONOMIST: The German economy: Holding steady, just, maybe—and maybe not | The

But he is also the finance minister, and a product of the same political party with its tight links with business.

ECONOMIST: And now the political fall-out

When credit is tight in a recession, even profitable firms can find it harder to raise money to finance restructuring or new investment.

ECONOMIST: Should we learn to love recessions?