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I guess the EMU did that. But yeah, Germany should shut up and stop being so afraid of a little inflation risk. Damn, we need a real firewall.
Besides, we outside the EMU are a bit more safe. My country, Sweden, has managed to keep afloat pretty good during these hard times. You forget that Europe is a whole bunch of countries, some working together, some not, some with a common currency, some not, and so on. We're all different.
Back on topic: yeah!
Nah.. I was already replying to you, when I realized it simply doesn't make sense. You're obviously set in your opinions, and so am I. Everyone else: sorry for the off-topic.
So, just quickly reasserting my opinions:
- Austerity is a necessary evil (we shouldn't have inflated the economy in the first place).
- Austerity is still better that further inflating the credit bubble.
- I don't mind good ideas regardless of their origin (here: Germany).
- You're living in Greece in 2004, watching Olympic Games and thinking how this massive expenditure is going to push the country forward.




Member since:
2006-07-04
If implementing austerity during a recession or during a recovery from a recession is so great, why have multiple European governments collapsed due to it (I think Thom's own Holland is an example), why is Europe in doule dip recession (the US is not), and why are national debts actually increasing (for example, see the UK, where Cameron's austerity has led to an increase in national debt due to low tax revenue resulting from the double dip recession that austerity brought on).
Another question: Why are so many European countries simply doing whatever Germany tells them to do? Germany demands austerity, so the other countries do it. Who appointed Germany as economic steward of the EU?