‘Germany defends austerity against EU’

Published on 24 April 2013 at 09:33


José Manuel Barroso’s remarks to the effect that “austerity policies have reached their limits” have attracted the ire of the ruling Christian Democrat (CDU) and liberal (FDP) coalition in Berlin.
The Vice-President of the CDU group in the Bundestag described the Commission President’s speech as “nonsense”, while Foreign Minister Guido Westerwelle (FDP) insisted that “abandoning the policy of budgetary consolidation would pave the way for years of mass unemployment in Europe.”
According to the latest EU statisitics, published on April 22, the Eurozone deficit now stands at 3.7 per cent. Many experts have expressed concern that, in the current context of economic gloom, “Europe may be ready to throw in the towel."

Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!

Are you a news organisation, a business, an association or a foundation? Check out our bespoke editorial and translation services.

Support independent European journalism

European democracy needs independent media. Join our community!

On the same topic