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Merkel’s firm on austerity plans
Thursday, May 10, 2012 - 09:45
In her speech to Bundestag today German Chancellor Angela Merkel said that:
- Europe's only hope is to implement structural reforms alongside austerity measures.
- Economic growth may be reached through structural reforms. The calls for growth through debt would throw the region back to the beginning of the crisis.
- It would take a long time to overcome the crisis.
Germany keeps favoring austerity measures in the euro area, but will anyone follow its lead now when Merkel’s main ally – France – no longer supports such approach?
Image from debatepolitics.com
Merkel
Thursday, May 10, 2012 - 09:45
In her speech to Bundestag today German Chancellor Angela Merkel said that:
- Europe's only hope is to implement structural reforms alongside austerity measures.
- Economic growth may be reached through structural reforms. The calls for growth through debt would throw the region back to the beginning of the crisis.
- It would take a long time to overcome the crisis.
Germany keeps favoring austerity measures in the euro area, but will anyone follow its lead now when Merkel’s main ally – France – no longer supports such approach?
![img_16_9_680_2010-05-03t133710z-01-tob22-rtrmdnp-3-eurozone-germany-merkel.jpg4432724054244404342.jpg](/community/proxy.php?image=http%3A%2F%2Fwww.fbs.com%2Fsites%2Fdefault%2Ffiles%2Fimage%2Fanalysis%2FMay2012%2F10_05_12%2Fimg_16_9_680_2010-05-03t133710z-01-tob22-rtrmdnp-3-eurozone-germany-merkel.jpg4432724054244404342.jpg&hash=5618c5935c4ccb79c379774368ab65f6)
Image from debatepolitics.com
Merkel