Germany Reaps The Cash Of Austerity. They Are Some Brilliant Dirty Bastards
For months I have been following the current goings on in Europe especially as it pertains to the current so called "Euro Crisis". Countries like Spain, Italy, Portugal, etc... in exchange for loans from the European Bank have had to undertake a series of austerity measures that have buried these countries and their citizens in a misery which many are comparing to being on the losing end of a bitter war. These austerity measures include severe cuts in government jobs, sharp reductions in pay of up to 40 percent, crushing concessions by unions all to bring these countries in line with European Union targets of lowering the debt these countries owe. According to the theory, these austerity measures are supposed to, somehow lead to growth in the borrower countries economies. Who is it that is the biggest proponent of austerity? Germany and its leader Angela Merkel. According to them there is no other course but for the countries that are in trouble but to radically slash expense...