Exit polls show dual setback for Austerity: France and Greece

[Kasz216]

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.

No they didn't... most countries went in the exact opposite direction... including Great Britian.

Iceland had a combined stimulus/austerity plan where they had stimulus spending and austerity by cutting other aspects of government... and honestly have fared best among countries to have defaulted or almost defaulted.  (Although I think this is probably due more to the structure of their debt.  Icelands economic troubles were caused mostly by their "too big to fail" private banks.  VS most of Europe and say... Venezula who's problems were there governments spent way more then they could afford.)