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The game seems to be : OK we'll pretend to buy the Austerian lunacy that we can cut our way to growth. Then, when we've missed the 3% target because of the lack of growth, (and Spain etc likewise) then the Germans will be ready for some expansionary policies.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Fri Sep 28th, 2012 at 09:09:00 AM EST
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That's a plan or a punt?
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 28th, 2012 at 09:17:52 AM EST
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