Merkel criticizes quest for growth at any cost - Yahoo! Finance: "German Chancellor Angela Merkel says the longstanding pursuit of growth at any cost is one cause of the debt crisis afflicting countries in Europe and beyond.
Merkel said Tuesday that the current debt troubles are in part the result of a "wrong philosophy" that persisted for decades.
She says that everything else was subordinated to growth as an end in itself -- "and I don't think we can carry on that way.""
'via Blog this'
Tuesday, September 20, 2011
Merkel- right on the money
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