(4 pm. – promoted by ek hornbeck)
Which European leader is serious about economic recovery?
Merkel, her ministers and their parliamentary secretaries of state will see their wages rise in three stages between now and August 2013, until they all get 5.7 percent more. It is the first pay raise that the German cabinet has taken in twelve years. [..]
She has been the chief advocate of austerity in the eurozone during the debt crisis, earning her criticism from some quarters, notably Greece and more recently France, whose new leader Francois Hollande wants to focus on growth.
As opposed to this:
France’s new government has held its first cabinet meeting and announced a 30% pay cut for President François Hollande and all his ministers.
A campaign promise, the cut reduces Mr Hollande’s monthly salary from 21,300 euros to 14,910 (£12,000; $19,000).
The cut contrasts sharply with predecessor Nicolas Sarkozy’s decision to increase his pay on entering office.