The World from Berlin Merkel's Austerity Program Is 'Faint-Hearted and Unbalanced'

The German government's newly announced budget cuts may be a signal for the struggling euro, but the decision not to hike taxes on the rich will fuel public protest against the measures, say media commentators. If Chancellor Angela Merkel was hoping for a fresh start for her embattled government, this wasn't it.
Chancellor Angela Merkel and her deputy, Guido Westerwelle, announced the austerity program at a news conference on Monday.

Chancellor Angela Merkel and her deputy, Guido Westerwelle, announced the austerity program at a news conference on Monday.

FABRIZIO BENSCH/ REUTERS
-- David Crossland