PISM Strategic File no. 17 (80): Germany’s Marriage to Austerity: Little Chance of a Quick Divorce
18 NOV 2015 Strategic File
The next issue of PISM Strategic Files by Sebastian PłóciennikThe German government’s belief that the best recipe for return to growth in the euro area is a combination of budget cuts and reductions in wages is one that is faced with constant, if not rising scepticism in Europe. However, hopes that Berlin will drop its austerity approach should be kept in check. The country’s economic culture, doctrine, form of capitalism, as well as economic interests all speak to the policy’s durability than its quick departure.PISM Strategic File no. 17 (80)

The next issue of PISM Strategic Files by Sebastian Płóciennik

The German government’s belief that the best recipe for return to growth in the euro area is a combination of budget cuts and reductions in wages is one that is faced with constant, if not rising scepticism in Europe. However, hopes that Berlin will drop its austerity approach should be kept in check. The country’s economic culture, doctrine, form of capitalism, as well as economic interests all speak to the policy’s durability than its quick departure.