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8/19/12

Dutch Socialist leader Emile Roemer Warns on Austerity - by Maarten van Tartwijk

The front-runner ahead of next month's Dutch general elections warned Sunday that a single-minded focus on austerity is crippling the country's economy and could unravel the euro zone.
"I can't say if we will be able to maintain the euro. The European economy is hurting too much from austerity," Emile Roemer told reporters at the launch of his Socialist Party's election campaign.

Mr. Roemer partly blamed the current problems on flaws in the euro zone's design and said "technocrats" have gained power at the expense of voters. He also said struggling countries in southern Europe should be allowed more leeway.

"Europe should be about people, not about multinationals and the financial sector," he said.
Mr. Roemer's party has benefited from growing voter resentment toward the German-led austerity drive and euro-zone bailouts. Some polls give it a clear lead over the Liberal Party of Prime Minister Mark Rutte.

For more: Dutch Far-Left Leader Warns on Austerity - WSJ.com

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