The savings madness must be stopped. Governments must lower taxes and increase wages. Europe needs growth. The German government should give every German household a 1000 euros travel voucher. However, it should only be used for holidays in crisis countries. That will help boost growth there.
In addition, everyone who buys a holiday home in a southern European state should get a tax bonus. - in Bild
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.