Detail Right Target, Wrong Shots; Germany and the Euro   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8831 (Apr. 2013), page 12-13. Topik: International Relations; Politics; Recessions; Monetary Policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.76 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Germans seem beleaguered these days. Not only is their country the dominant actor in the euro crisis, but it is also being attacked for foisting on southern Europeans reforms and spending cuts that are prolonging recession and forcing unemployment unbearably high. All this is accompanied by none-too-subtle talk of the second world war and cartoons of Angela Merkel wearing a moustache. Germans find this monstrously unfair. They have accepted a string of costly bail-outs in the past three years even though they were promised that the euro would never make them liable for other countries' follies. Yet the critics are mostly wide of the mark. Germany is not to blame for unpopular reforms; these are necessary for economic survival in a single currency that eliminates the options of independent monetary policy and currency devaluation. Mrs Merkel is not responsible for all budget cuts; these are unavoidable when governments become so indebted as to lose access to financial markets. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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