Germany's Austerity Obsession Could Take Down The Global Economy?

(10/13/2014) This is a news about Germany's recent recession. Did Germany dig into this current problem by pushing austerity in other debt-laden countries in Europe?

Let me try to derive the causal relationship:
EU pushed austerity in countries with huge national debt to stabilize EURO and european's economy --> Countries like Greece, Spain, Italy, Portugal cut spendings --> Those debt-laden countries above don't buy equipments or other imports from Germany (since Germany is the behemoth of exporting) --> Germany economy fell into recession.

But will other options to cope with European debt issue work better?