In his holiday greeting to his 110,000 employees, Industrialist Alfried Krupp could not resist a reference to West Germany's economic woes and a sober prophecy that 1967 "will not bring any relief." It was a message that all of his countrymen could ponder: after years of heady prosperity, West Germany seems to be caught in a swinging door between present inflation and potential recession.
The economic strain, a major factor in the downfall of Ludwig Erhard's government two months ago, is even more visible today. More than at any other time since the Wirtschaftswunder (economic miracle) transformed war-torn West Germany...
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