Angela Merkel Is Destroying Europe
The panel debates whether austerity measures Angela Merkel insists that nations like Greece and Portugal adopt are strangling their economies or is Germany being scapegoated?
The austerity measures Angela Merkel insists that nations like Greece and Portugal adopt are, say some, strangling their economies, creating huge unemployment and making it impossible for them to pay off their debts. But is Germany being scapegoated for being Europe's largest and best run economy? While many EU countries recklessly disregarded the rules on fiscal discipline when they signed up to joining the Euro, Germany kept real wages down and experienced low rates of growth.