Germany: Recovery's Steward

When the harried leaders of the free world's economies get to daydreaming, West Germany must seem to be something like Valhalla. It has virtually full employment with negligible inflation, and its gross national product is growing at a brisk rate of 5½% a year. In addition, its Economics Minister enjoys a political popularity that is unusual in his profession. From posters that went up all over Frankfurt last week in support of local Social Democratic Party candidates gazed the youthful, horn-rimmed visage of a man who was not even up for election. He was Karl Schiller, 57, who...

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