Germany’s Vice Chancellor Warns of Europe Breakup
Published on Jan 7, 2017
Germany’s Vice Chancellor has warned about the possible collapse of the European Union due to Berlin’s push for austerity policies in the euro zone. Sigmar Gabriel says Berlin’s insistence on austerity has left Europe more divided than ever and a break-up of the EU is no longer inconceivable. He says strenuous efforts by countries like France and Italy to reduce their fiscal deficits come with political risks which might lead to the rise of the far-right to power. Far-right politicians want their countries to leave the EU. Gabriel believes if that happens, Germany’s next generations will curse the current officials.
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