Europe awaits German fiscal cascade that could be just a trickle
“There will be some knock-on effects,” said Christian Odendahl, chief economist at the Centre for European Reform in Berlin. “There’s an argument to be made that spillovers might be lower than they’d otherwise be because the trade links, particularly the service trade links, are limited.”...Meanwhile Odendahl, who says such effects are normally “quite sizeable,” is less sure this time because of the scale of the shutdown.