13.10.2014 - 11:20 [ New York Times ]

Germany’s Insistence on Austerity Meets With Revolt in the Eurozone

(7. Oktober) France this week stepped up what has become an open revolt by some of the eurozone’s bigger economies against Chancellor Angela Merkel’s continued demands for deficit reduction in the face of slowing growth. Italy has warned against too rigidly following Germany’s preferred approach. Even the president of the European Central Bank, Mario Draghi, is pushing for Germany to loosen up.