Tuesday, May 15, 2012

Austerity...it's good for those who impose it on others

Well looky here, while the governments they are imposing austerity upon collapse, Germany is deriving a favorable profit.

 Germany's economy grew by a stronger-than-expected 0.5% in the first three months of the year despite Europe's debt crisis...

 Germany remains a standout performer despite Europe's troubles with too much debt in several countries. Unemployment is low and exports of manufactured goods such as cars and machinery remain robust.

Who just anticipated?


pansypoo said...

goldman sux,is that u?


DrDick said...

Well that really is the whole point behind the push for austerity in Europe, isn't it? Basically, it is all about preserving the German banks and profits.

merlallen said...

I spent some of the happiest years of my life in Germany. I went there when I was 15 and the legal drinking age was 14.