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A pro austerity comment.

And that is quite dishonest:

"Das Haushaltsdefizit betrug 4,3 Prozent, das ist im europäischen Vergleich noch recht gut, aber zum Beispiel Dänemark oder Ungarn wirtschafteten 2010 besser. "

Pointing out that the deficit in 2010 was 4,3% of gdp and that Denmark or Hungary were "better".

Of course the deficit in 2010 was actually higher then 2009. Why? Because the crisis of 2009 and the stimulus to fight the crisis arrived 2010 in the public budgets in the year 2010.  A deficit two years ago during a shrinking of the economy of 5% is not high.

by IM on Thu Nov 24th, 2011 at 07:16:15 AM EST
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