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German Housewife Hailed as Euro Solution
In the parks of Stuttgart, the regional capital of Swabia, there are few signs of a crisis, and the economy is growing.
In a speech, at the start of the global financial crisis, German Chancellor1 Angela Merkel praised the qualities of the ‘Swabian housewife’ - famed in Germany for thriftiness2 and the ability to run a household.
Claudia Bauder and Gaby Weber have plenty of advice on that. They are members of the German - American Women’s Club in Stuttgart. “There is a deeply ingrained honesty in Swabians and Germans that would not take advantage too much of other people and the state itself," Weber said.
Polls show a majority of German taxpayers3 back Chancellor Merkel’s pro-austerity stance, forcing troubled economies to slash4 spending in return for bailouts. Bauder and Weber say it is basic household economics.
This week, the German finance minister said money should not be thrown ‘into a bottomless pit’ to save the euro, a view echoed by Bauder and Weber.
“You do want to help of course, but you also say, 'What is their plan to improve their situation?' I think it is justifiable5 to say, ‘How do you plan to fix it?’” Bauder pondered.
If Germany pays the bills, it must have a say in how the European Union ‘household’ is run, says analyst6 Ferdinand Fichtner of the German Institute for Economic Research.
“We have institutions in the monetary7 union like the ECB [European Central Bank], but also like the bailout funds, that can actually stop the euro from falling apart by investing a huge amount of money. I do not think that this is necessarily a good thing," Fichtner stated. "I think we have to discuss about whether countries should leave the monetary union, I think this is actually healing.”
Germany says it does not want the euro to break up and European leaders have failed to come up with a solution. But Chancellor Merkel believes the simple household economics of prosperous Swabia could hold valuable lessons for the whole of Europe.
1 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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2 thriftiness | |
节俭,节约 | |
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3 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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4 slash | |
vi.大幅度削减;vt.猛砍,尖锐抨击,大幅减少;n.猛砍,斜线,长切口,衣衩 | |
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5 justifiable | |
adj.有理由的,无可非议的 | |
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6 analyst | |
n.分析家,化验员;心理分析学家 | |
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7 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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