Germany, Austerity and the Boomerang Effect

Angela Merkel

Suddenly, austerity doesn’t look like the correct answer to the economic crisis in the Euro Area: German GDP is falling

(original publishing date: 08/15/14)

Well well well, look who’s having troubles with GDP now:

german gdp

german gdp1

Germany can’t do what it asks to the remaining part of Europe: grow.

Interesting, we imagine that the cure Merkel will propose will be “more austerity”, because that’s how we do it in da EU.


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