G8 leaders endorse growth mentality for euro recovery
- austerityThe policy prescription some euro zone states endorse, as a means to combat debt crises like that of Greece, and the collateral economic damage it created. German chancellor Angela Merkel is arguably the most prominent pro-austerity voice at this moment.
- growth The G8 summit today yielded a notable statement from the eight heads-of-state — they committed to take “all necessary steps” to grow their economies, citing investment and infrastructure, though they ceded to Merkel that deficits merited concern. source
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