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The Germans are mad. On Friday, German Finance Minister Wolfgang Schäuble called US economic policy, “clueless,” adding in an interview with Der Spiegel, “the American growth model is in deep crisis. Americans have lived far too long on credit.” He said the $600 billion quantitative easing programme embarked on by the Fed is merely an attempt to drive down the value of the dollar.  G20 finance ministers’ meeting are not generally fonts of transparency and candour.  We must…

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