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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?

3 comments:

  1. goldman sux,is that u?

    ppoo

    ReplyDelete
  2. DrDick9:28 PM

    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.

    ReplyDelete
  3. 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.

    ReplyDelete