Exit polls show dual setback for Austerity: France and Greece

[Scoobes]

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.

It was quite the opposite in the UK. We borrowed masses of money and spent huge amounts, building up masses of debts and causing a huge budget deficit. The government/public sector grew massively. No real austerity measures until recent years.