BRUSSELS — Germany on Tuesday defended the policy of tightening the budgets in a number of European countries despite a blunt warning from a top European Union official that the 27-nation bloc's austerity drive "has reached its limits." "If we were to give up the policy of consolidating the budgets in Europe, if we were to fall back to the old
German Official Says Onward With Austerity Despite Growing EU Calls For Change
Germany’s foreign minister Guido Westerwelle arri […]