Success and Advice Cast a Giant as a Villain, Not a Model, in Europe[The New York Times]
Throughout the crisis in the euro zone, as governments have fallen, debt burdens have mounted and economies have stagnated or shrunk, Germany has floated above the fray. While its economy has hummed along nicely, its leaders have steadfastly insisted that the path to redemption for the debtors lies in austerity and suffering.
When Chancellor Angela Merkel on Monday described the debt crisis as Europe’s “most difficult hours since World War II,” she was describing something most Germans had only read about in newspapers or watched on television.
The German economy once again surprised experts on Tuesday, growing an unexpectedly healthy 0.5 percent in the third quarter and 2.5 percent higher than the year before.
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