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Rzeczpospolita - Poland | Friday, June 21, 2013

Merkel wants cuts only in Southern Europe

Germany's CDU and CSU parties will determine their programme for the upcoming federal elections on the weekend. The proposed programme foresees billions in tax relief and more money for families. But Chancellor Angela Merkel is using a double standard in her austerity policy, the conservative daily Rzeczpospolita writes: "This couldn't come at a worse time. Just two weeks ago the International Monetary Fund (IMF) announced that the policy of drastic cuts that Germany imposed on the countries of Southern Europe led to unparalleled crises in Greece, Portugal and Spain. And now Chancellor Merkel announces a populist programme in her own country, full of new social subsidies, higher pensions and pay hikes for the public sector. ... Now it's too late for Southern Europe, however. In Greece and Spain there are ever more young people with no prospects of a decent job or any job at all."

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