Yes, there is a misunderstanding in Europe regarding the definition of austerity and it is almost funny that nobody treated until now. (or at least I did not notice - sorry for my ignorance)
On the other hand, growth may appear even if the austerity measures are going on, or better to say the austerity is consolidated.
Indeed it is a fine mechanism to adjust the speed of implementing the austerity measures and the ones related with growth.
Who should act for finding the right compromises? A researcher, an artist, an economist, a mathematician, a philosopher, a sociologist, a politician?
Why is needed such a long period of time to harmonise the differences among the partners in EU?
Greece could had a better chance, and implicit EMU, if the actions of partners were more quickly established...
Clarity about Austerity
Yes, there is a misunderstanding in Europe regarding the definition of austerity and it is almost funny that nobody treated until now. (or at least I did not notice - sorry for my ignorance)
On the other hand, growth may appear even if the austerity measures are going on, or better to say the austerity is consolidated.
Indeed it is a fine mechanism to adjust the speed of implementing the austerity measures and the ones related with growth.
Who should act for finding the right compromises?
A researcher, an artist, an economist, a mathematician, a philosopher, a sociologist, a politician?
Why is needed such a long period of time to harmonise the differences among the partners in EU?
Greece could had a better chance, and implicit EMU, if the actions of partners were more quickly established...