Euro Crisis: The German Approach Is at Least Partially Correct

Structural Reform in Europe is Key for the Euro's Survival

Germany has received scathing criticism from many experts for its approach to resolving the euro crisis. Germany has been trying to: limit/reduce government budget deficits and promote large-scale structural reform (e.g., improved international competitiveness in the European periphery, create a central authority to manage Europe-wide finances with real enforcement powers against national governments, etc).