Leading By Example Merkel Bets Austerity Will Result in Re-Election

German voters value austerity. That, at least, is what Chancellor Angela Merkel is betting on as she embarks on a new package of savings measures aimed at balancing the budget in two years. She wants to show the rest of Europe how it's done -- and get re-elected in the process.
Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble believe German voters want a balanced budget.

Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble believe German voters want a balanced budget.

Foto: dapd
Translated from the German by Christopher Sultan