Only Germany’s Merkel backs austerity in Europe: French minister

A French minister has blasted the “failing” austerity policies imposed on European economies, saying the measures are only backed by German Chancellor Angela Merkel and a few others.

In an interview with The Observer newspaper, French Consumer Affairs Minister Benoit Hamon said it was “time to finish with the politics of austerity in Europe.” “Only Merkel, supported by a few northern countries, believes austerity is working … when it's clear there is no prospect of unemployment rates going down,” the socialist minister added .... http://www.presstv.ir