June 20, 2012
The Trouble With Ms. Merkel
New York Times, New York Times
She has repeatedly insisted on austerity for hard-pressed countries, even when it has been a demonstrable failure. And, while she has correctly asserted that more aid on better terms should be accompanied by greater European unity, the lack of unity appears to be an excuse to delay steps to ensure that adequate aid is available on workable terms. Under current policies, the euro zone and the global economy have been put at high risk.
TAGGED: Angela Merkel, Eurozone, Germany