New York Times om Ms. Merkel: By this point, there should be no debate: Austerity has been a failure

Ms. Merkel was suddenly suggesting that some stimulus for Greece and others to spur growth might be possible
 

But, on Wednesday, she was again insisting on the same draconian budget cuts and the same unreachable targets as the price of aid to Greece and other indebted euro-zone nations.
 

By this point, there should be no debate: Austerity has been a failure, shrinking economies and making it ever harder for indebted countries to repay their debts.
 

New York Times, editorial, 24 May 2012
 

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