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Merkel: austerity not my idea, not my fault

The Local · 17 Sep 2012, 14:17

Published: 17 Sep 2012 14:17 GMT+02:00

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Merkel told a news conference on her domestic and foreign policy that she was aware of the ire directed at her over the euro turmoil, with protesters in ailing countries shouting her name and newspapers likening her to Hitler.

But she insisted that although Germany had an outsized role to play as Europe's biggest economy, crisis-fighting was a collaborative effort among leaders who had the single currency's best interest at heart.

"In my travels I have often been asked how do you deal with negative feelings because some people think that I am more responsible than others for decisions we've made together," she said.

"In Greece, some people tend to forget that I didn't think up these programmes but rather that they're all from the ECB, the European Commission and the IMF (International Monetary Fund)," she said, referring to the troika of international creditors.

"I didn't invent them, I couldn't just think up such economic programmes even if I wanted to," she said.

"So I always say, I'm not doing this to annoy anyone but because I'm strongly convinced that Europe can only maintain its prosperity and see its interests realised if it overcomes its crisis in such a way that it is better able to compete and solve our debt problems."

Merkel added of her fellow European leaders: "We work very well together and try to find good solutions together," she said, highlighting in particular the Franco-German axis of cooperation.

She acknowledged that the road to recovery was arduous and renewed an expression of sympathy for the Greek people over the biting reforms required to pull them out of the debt quicksand.

Story continues below…

But she said she believed that cutting spending and restructuring economies to improve competitiveness were the sole way to restore confidence in the eurozone.


The Local (news@thelocal.de)

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Your comments about this article

01:30 September 18, 2012 by marimay
She just sits back as the life is sucked out of countries, and sells Germany to her fellow communists in China. What a nice lady.
01:48 September 18, 2012 by schneebeck

Should the other countries be taking any actions to rectify the situation, or just Merkel?

What actions do you think Merkel should take that would rectify this situation that she is not taking?
02:12 September 18, 2012 by marimay
Abolish the EU.
02:36 September 18, 2012 by schneebeck
@marimay #3

Mr. Smart2012 thinks Merkel is not giving enough of Germany's life and blood to "save" the EU.

What do you think of that?

Also, Mr. Smart2012 has a high opinion of communist China's system. He would probably approve of any "technology transfers" Merkel might offer to China.

He seems like a pretty smart guy. What do you think?
02:51 September 18, 2012 by marimay
Well he obviously wears his ass for a hat.

Now, who is mr. smart2012?
08:12 September 18, 2012 by schneebeck
He is another poster on these boards. He has some interesting pro Euro thinking.
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