Exit polls show dual setback for Austerity: France and Greece

[SamuelRSmith]

Mnementh said:

SamuelRSmith said:

Oh, you mean just in Germany. The best performing country of the Eurozone.

The other countries in europe mostly did go similar directions. Look Great Britain or Iceland for instance. It did go extremely bad for Iceland. And germany is only performing somewhat good, because is exports more than it imports. But that cannot be sustainable, as the money won in that way has to be reinvested, further helping to build bubbles. As these bubbles burst the accumulated money is lost and germany is left with - less than before.

I don't know about Iceland. Britain hasn't implemented any austerity programs, yet. The past decade has been of vast Government growth, not the other way around. The current Government gives off the rhetoric about austerity measures, but spending has increased YoY since they got into power.