April 28, 2013

EU chooses Spain to start shutting down austerity policy

France and Italy add support to greater flexibility on budget deficits and new focus on reforms

Doing politics is to tell stories. A country — never mind a continent — cannot be transformed without a convincing narrative. Aided by pressure from the markets, German Chancellor Angela Merkel has been ruling Europe for the last three years with a tale that blames the crisis on the fiscal misdemeanors of a handful of countries. Read more.

El PaĆ­s

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