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Die Presse - Austria | Tuesday, October 21, 2014

France's government losing touch with reality

France's call for German investment in exchange for French cuts is outrageous, the liberal-conservative daily Die Presse criticises: "Macron clearly believes that the Germans are responsible for France's misery - because of their strict austerity. In fact, however, such austerity has never been part of any budget passed in Berlin. Nothing but a refusal to sink further into debt, which created new trust in the midst of the worst debt crisis. This refusal was also what made possible the German economic boom that has long functioned as a motor for the Eurozone. Holding to this course is the best - and the only - thing the Germans can do for the French. Not even the left wing of the German SPD could have come up with the strange idea of having Germany pump 50 billion euros into the economy. This is completely detached from reality."

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