The IMF is recommending a harakiri programme for Europe, yet ignores the US’s much higher national debt

Astute writers such as Michael Sauga of *Der Spiegel* realise immediately when things get serious: Europe needs austerity now. If Europe does not implement an austerity programme straight away, it is doomed. Europe must cut spending come what may. The best option would be an austerity programme in the style of Schröder’s Agenda. ... More ...