DAVOS/SWITZERLAND, 25JAN06 – Angela Merkel, Federal Chancellor of Germany, captured during the Opening Address at the World Economic Forum in Davos, Switzerland, January 25, 2006. (Photo credit: Wikipedia)

This is a MUST READ article from Spiegel citing a range of German newspapers who arguing that current austerity policies are ineffective. Check it out!

German Press Says Extended EU Recession Shows Austerity Ineffective – SPIEGEL ONLINE.

For me, this is article marks a watershed when the German media starts to challenge the German Government of Angela Merkel on austerity. The German media are taking a responsible position, sharing with German voters prevailing World opinion, ahead of September’s election. Of course, Germany is a modern democracy and it will be for the voters to decide but it will be interesting to watch German politicians trying to wriggle out of having caused the mess in Europe.

Any thoughts?

Related articles

• Anti Euro Party Alternative for Germany a Growing Problem for Merkel – SPIEGEL ONLINE
• Era of austerity has run its course, EU says | Reuters
• German Euro Founder Calls For ‘Catastrophic’ Currency To Be Broken Up (Telegraph)
• Eurozone sets bleak record of longest term in recession – FT.com
• German Finance Minister Who Launched The Euro Now Says ‘Catastrophic’ Currency Must Be Broken Up
• Why Germany Cannot Escape Inevitable Inflation