'Vicious spiral of decline: Germany leads Europe into a worse crisis'

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Germany's relentless push for Eurozone-wide austerity is driving the global economy towards catastrophe. So says the British Shadow Chancellor or opposition finance spokesman Ed Balls, who argues that someone's got to persuade Berlin to change course. To discuss this in more detail, RT talks to James Meadway, senior economist at the New Economics Foundation think-tank in London.

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