The Wrong Austerity Cure
Fiscal profligacy did not cause the sovereign-debt crisis engulfing Europe, and fiscal austerity will not solve it. On the contrary, it has aggravated the crisis and now threatens to bring down the euro and throw the global economy into another tailspin.
https://prosyn.org/uF2QHy5
BERKELEY – Fiscal profligacy did not cause the sovereign-debt crisis engulfing Europe, and fiscal austerity will not solve it. On the contrary, such austerity has aggravated the crisis and now threatens to bring down the euro and throw the global economy into another tailspin.