- with Mr. Hollande promising to rewrite the austerity-driven pact struck between Mr. Sarkozy and Ms. Merkel. News of Mr. Hollande's election was splashed across the front pages of Germany's newspapers. (New York Times)
- BERLIN (Reuters) - Germany is ruling out any substantive shift in its approach to Europes debt crisis despite a rising chorus of opposition to Berlins austerity policies that reached a crescendo in Sundays elections in Greece and France. (msnbc.com)
- Austerity can no longer be inevitable! he shouted in his first speech after Nicolas Sarkozy conceded Sunday night. The question remains whether Germany agrees – and will allow at least some countries in the eurozone to spend more freely. (Huffington Post)
- and many of Germany's key policymakers are still very much in favor of austerity as the solution to the euro zone's woes. With voters now in revolt, it's unclear how long they'll be able to stay the course. (Washington Post)
- Hollande has criticized Germanys heavy emphasis on austerity to tackle Europes sovereign debt crisis and has called for policies to revive economic growth. We in Germany are of the opinion, and so am I personally, that the fiscal pact is not negotiable. (CNBC)
- We in Germany are of the opinion The hardline Left Coalition, opposed to the austerity program, overtook the former ruling PASOK Socialist party in second place. (msnbc.com)
- LONDON - Voters in France and Greece redrew Europes political map Sunday in a powerful backlash against the German-led cure for the regions debt crisis: painful austerity. (Pioneer Press)
- Germany has already signalled it is ready to negotiate a "growth pact" with the new French leader. Though its terms may well be vague, that would allow Mr. Hollande to claim victory in his push for a more balanced approach to the crisis. (Globe and Mail)
- BERLIN -- Germany Monday called on Greece to stick to its austerity and reform policy that it has accepted as part of its bailout programs because they are the best path to overcome the countrys debt problem. (NASDAQ)
- The headlines cry that voters demand growth rather than austerity. (Financial Times)
Monday, May 7, 2012
Germany austerity
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