Japanese translation of Statement by SPD-Troika: "Finding a way out of the crisis – growth and employment in Europe"

The economic and social costs of narrowly austerity-focused policy-making, i.e. of a singular focusing on budgetary discipline, are highly destructive – indeed, they threaten European unity. This is evident in the observation that in the past two years, the European crisis has not calmed down, but rather intensified. Moreover, the credit risks that Germany is backing have not declined but instead risen massively.