Posted on 05/22/2012 9:50:31 AM PDT by Olog-hai
Austrian Finance Minister Maria Fekter dismissed as "nonsense" French President François Hollande's approach to resolving the eurozone debt crisis and insisted, in a newspaper interview, on financial discipline.
"Growth financed by debt? Those are the recipes from the day before yesterday. The arguments that France's new president François Hollande is putting forward again are nonsense and got us into this whole mess in the first place," the Oberoesterreichische Nachrichten paper quoted her as saying.
Hollande has focused on boosting growth and employment in Europe and said on Monday all options must be on the table at an informal EU summit this week.
Fekter, whose outspoken comments have landed her in hot water with eurozone colleagues in the past, said it was wrong to believe that every austerity measure automatically curbed economic growth.
The way ahead, she said, was to implement reforms while investing in areas such as research and education that generate growth. …
(Excerpt) Read more at reuters.com ...
Marx and Keynes will never disappear. The far left loves their ideas and doesn’t care how many times those ideas have failed.
And not so bad-looking for a lady of a certain age.
She and Merkel are definitely tough enough to knock the T-bills off Obama, Hollande and Little Timmy Geitner.
“Hollande’s financial arguments are nonsense. However, his sauce is excellent, especially on asparagus.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.