What we have here is all these loons babbling about "growth" so one needs to ask what are they actually growing? Germany is the only country that is growing a strong economy and the rest are growing deficits, banking chaos and financial doom. Obama of course thinks Germany should spread the wealth.
"Hollande told reporters he “didn’t feel” Merkel was isolated. But her name was conspicuously absent when he said: “
It’s true that growth was widely discussed and desired not just by myself, President Obama, but others like Mario Monti.”
Since the chancellor noticed her policy approach was increasingly attacked domestically and abroad as a cold “austerity policy,” she has chosen to use the words “growth” and “employment” much more often in public. She also stresses that it was she who pressed the EU-partners in 2011 to adopt a “euro plus pact” on competitiveness and growth.
But the harsh public reaction only changes the wording, not so much the policy.
One reason is that
Merkel has got something most of the critics don’t have – a successful economic model.
Germany boasts strong economic growth that has mounting weight in the European Union and an industrial sector now exporting more to countries outside the euro zone than to those within."
Mighty Merkel may be the odd woman out | Reuters
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