This is an excellent article from Reuters and worth a read. Check it out!
On the other hand, German voters will be angry too because they still believe that austerity is the right policy. The German version of austerity, ordoliberalism, has its own intellectual foundation. Angela Merkel‘s government has not really been open with the German people on austerity. It will be interesting to see if the current discrediting of austerity impacts the German election results.
How are the Germans defending austerity (ordoliberalism) now?
Surely, Germany must reflate after the election?
What do you think?