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New York Times (June 19)

2012/ 06/ 21 by jd in Global News

Finally, the “leaders of the Group of 20 top economies managed to say some of the right things…. The question now is whether these words will ever translate into effective action. If the past two years of the euro crisis is any guide, the likely answer is no.” The Times places much of the blame with Germany’s Chancellor Angela Merkel for a “relentless insistence on self-defeating austerity and piecemeal rescue plans.”

Finally, the “leaders of the Group of 20 top economies managed to say some of the right things…. The question now is whether these words will ever translate into effective action. If the past two years of the euro crisis is any guide, the likely answer is no.” The Times places much of the blame with Germany’s Chancellor Angela Merkel for a “relentless insistence on self-defeating austerity and piecemeal rescue plans.”

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