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France’s Monsieur Normal Should Just Say ’Non’ to Germany May 8, 2012

Posted by proeconomia in Fiscal policy, Main, Monetary policy, News on Greece, On the crisis, Opinion.

An interesting opinion article from Bloomberg about the substance of Hollande’s electoral victory and prospects. Here is what the author of the piece thinks at one point (my emphasis): “The new French leader is right to insist that Germany back down from its single-minded insistence on punitive spending cuts in the euro area. Spain and Greece, for example, need more time to bring down their debt. The requirement in the March budget pact that they slash education, research and development, and other spending is a prescription for prolonging the crisis. In the Slate interview, the president-elect correctly pointed out that if the austerity measures aren’t supplemented with some pro-growth policies “it will be difficult, if not impossible, to reduce deficits and keep debt in check.””. What do you think?



1. Constantina - May 10, 2012

No doubt Hollande will at least try to ease the austerity demands of Germany. I have said it before: it’s alla bout money! The prolonged crisis could have been stoped if it wasn’t for Germany’s stubborn demands! It’s about time the Euroze tried something milder! Give the countries some time!!! The engine needs some time to get started again but it will never get started with tighter and tighter measures!

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