routsounmanman on 01 January 2012
As a person who's seen this first-hand, the recent austerity and cap-spending measures are NOT the way to go. Whilst already in a recession, measures like these seriously tear the economy apart. Countries like Greece, Portugal, Ireland and now Italy (seriously they're now the greatest problem by far) simply cannot pay up longterm and will eventually drown in debt.
The European Central Bank should print some money and bail out. I don't get it why Germany resists to this so much; I'm sure a little inflation and especially a weaker Euro should be better for them.
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