Germany is the only EU
country that benefits from austerity because it exports so much,
but it is not respecting rules on trade surpluses, Premier
Matteo renzi told the Council on Foreign Relations Tuesday.
"Austerity without vision risks being an incredible mistake and
widening the division between countries in difficulty and strong
countries," he said. "Who is the only country that receives an
advantage from this strategy? The one that exports the most:
Germany. But today Germany is not respecting the rules on trade
surpluses. I will respect European rules also in the future even
though I don't agree. But why doesn't Germany?". Renzi added
that austerity would "destroy Europe. He said "the victory of
Brexit, of Le Pen, do not come only from migration but also from
the lack of hope for new generations. Austerity is not the way
for Europe. Stressing austerity means destroying Europe".
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