Kommentar: Deutschlands Stärke ist trügerisch – auch die Bundesrepublik könnte ein Schuldenproblem bekommen

Deutschland's current strength appears deceptive, as even the Federal Republic might face a debt problem. At the World Bank's annual meeting in Thailand, Germany was praised as a role model among a group of offenders. Germany's debt situation is relatively better than the rest of the world. Now, after years of stagnation, growth is resuming.

However, this regained strength is deceptive, as it gives Germany a false sense of security and may lead to policies with disastrous consequences. Of course, it's good that Germany is growing again, even if the growth is driven by the government. It's better to have this growth than none at all. And the debt is largely invested in worthwhile things like infrastructure and national security.

Some optimism is also good for the country. In Thailand, the embodiment of this was not only Finance Minister Lars Klingbeil, but also the head of the Bundesbank, Joachim Nagel. Germany is getting "fit for the future," said Nagel. The recovery is more than a false hope, it may even turn out to be stronger than the forecasts suggest.