![Merkel masters markets with euro austerity Merkel masters markets with euro austerity](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2012/merkel_sl-1327483139.jpg?itok=o_XWrwmh)
Merkel masters markets with euro austerity
Spending cuts won't solve the euro's problems "and Germany is making it all a lot worse," Charles Grant, director of the CER, said in an interview. "If Germany doesn't change its mind, the currency won't survive. Merkel has lacked the courage to be a leader, someone who changes the way people think and takes risks."