Living in Cyprus, Southern Europe, this head-line seems a little ambitious. I maintain that excessive austerity has damaged countries like Greece, Italy, Cyprus, Spain, Portugal and France. Germany has had many artificially good years because of the Euro’s exchange rate but now according to German experts, Germany is seriously at risk too. Meanwhile, Germany wants and expects European countries to live within their agreed budgets – this was a position which all the Euro countries accepted.
I am hopeful that common sense will prevail and Germany will relent on austerity, in exchange for real reforms.