December 30, 2012

Achtung, Austerity! Prices & poverty pervade as Germans unfurl fears



The International Monetary Fund has warned Germany against its austerity plans which include a tax hike and welfare cuts. IMF head Christine Lagarde said to recover from the economic crisis, Europe needs Germany as a counterbalance. 

RT's Peter Oliver reports on whether Berlin is afraid it will follow the regional trend.

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