The eurozone economy shrank more than expected in the first quarter of this year and there is increasing criticism of European-style austerity from key partners of the bloc.
In Australia, Treasurer Wayne Swan made clear he’ll eschew European-style austerity as a stronger currency slows growth.
“To those who would take us down the European road of savage austerity I say the social destruction that comes from cutting too much, too hard, too fast...
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