Tag Archives: World From Berlin: ‘Austerity Is Making European Economy Sicker’

Der Spiegel – World From Berlin: ‘Austerity Is Making European Economy Sicker’ – 16 May 2013

The German economy is still growing, but only barely. Here, the port of Bremerhaven.

(Picture :  The German economy is still growing, but only barely. Here, the port of Bremerhaven.)

The European common currency zone has now been in recession for six straight quarters, with three of the bloc’s four largest economies now suffering persistent negative growth. Could the Continent’s pursuit of austerity be backfiring? German commentators believe the answer is yes.

Japan can finally breathe a sigh of relief. After more than a decade of economic stagnation, the country’s economy is growing again, fuelled by the massive stimulus measures taken by new Prime Minister Shinzo Abe.

Read the whole article at:  www.spiegel.de / link to original article