France: Austerity cannot be the sole answer

05/5/2013 | Bloomberg

France now says austerity as the sole means of addressing the eurozone's stubborn recession is out. "We're witnessing the end of the dogma of austerity. ... Austerity on its own impedes growth," said French Finance Minister Pierre Moscovici. The statement is viewed as drawing a further line between France and Germany, the chief proponent of austerity policies in the eurozone.

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