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German Bailout

Germany Should Lead by Example -- Not By Bailouts

Otmar Issing | Posted 06.15.2014 | World
Otmar Issing

Complaints about the imposition of a "teutonic regime" and appeals for German leadership seem to contradict each other - a kind of continent-wide cognitive dissonance. In fact, the complaints and calls for leadership are mutually reinforcing. The implementation of austerity policies in the periphery has caused these countries to ask for help and request that Germany take the lead by putting more money on the European table. Nobody would deny that Germany has an interest in preserving the euro. So why shouldn't it support its partners with financial help to overcome the crisis?

German Parliament Approves Euro Bailout

Reuters | Posted 08.29.2012 | Business

By Gareth Jones and Stephen Brown BERLIN, June 29 (Reuters) - Germany's parliament resoundingly approved the euro zone's p...