Nobody in Europe will be abandoned. Nobody in Europe will be excluded. Europe only succeeds if we work together.
Angela MerkelRead
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth.
Interpretation
What this quote means
Angela Merkel emphasizes caution regarding monetary policy and the risks of unsustainable economic growth.
In this quote, Angela Merkel articulates a critical perspective on economic management, suggesting that the current financial crisis is not due to a shortage of money but is rather a result of excessive monetary expansion that generated growth that ultimately could not be sustained. Her statement calls for a reevaluation of fiscal policies, highlighting the importance of sustainable economic practices over short-term monetary solutions.
Themes
Economic GrowthSustainabilityMonetary PolicyAngela MerkelFinancial Crisis
In practice
Example use cases
This quote can be used in a discussion about financial policy reforms at a conference on economics.
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