The election of the Socialist François Hollande to the Presidency of the French Republic and the massive rejection of the mainstream pro-austerity political parties by the Greek electorate are clear signs that Europe is reconsidering growth over austerity. Indeed, the “austerity and nothing but austerity” mantra, championed by German chancellor Angela Merkel and her allies, failed to impress grassroots European citizens… Read More Europe needs a New Deal to restart growth
Here we are once again. German officials are again rebuking any calls to steer Europe out of the deflationary cycle that would slowly but surely break it havoc. We have heard the German argument times and times again. In substance, Germans say they don’t want to pay for the profligate Greek, Spanish and their likes… Read More Is Germany leading Europe to an economic disaster?