Eurozone’s politicians got austerity wrong
By non-profit German political foundation Friedrich-Ebert-Stiftung | Eurocrisis, austerity policy and the European social model: how crisis policies in southern Europe threaten the EU’s social dimension.
austerity
Agreed: austerity is killing the euro’s star
Presseurop.eu | The latest statistics on the state of the eurozone economy indicate that, contrary to what political leaders have recently been saying, the crisis is far from over.
Austerity trades democracy for technocracy
Austerity and free market regulations have created a band of loyal followers: The Precarious. And they are threatening the jewel European civilization, social security, argues Belgian writer Geert Van Istandael.
European austerity, the most feared
Austerity is increasingly becoming a danger, not only for the euro peripheral economies, but for the rest of the developed economies, too. Will the European Central Bank take action?
The US fear Europe’s austericide
As anger and despair over austerity spread in Europe, more US analysts are expressing their solidarity towards protesters and skepticism towards policy makers. A turning point was IMF’s shift, saying that tax hikes and spending cuts causing far more economic damage than experts had assumed.
Is the EU finally backtracking on its tough fiscal stance?
Ever more austerity? Only Ireland has managed to escape, and barely, from the budget-cut trap at a considerable cost. No wonder the Commission hesitates to plunge Spain into a similar ordeal.
Worst omens for the EU economy, yet no action at bay
Lack of economic stamina, investment and job creation is meant to push weaker euro country members towards further reform and budget correction. Those in the euro core mind little that recession woes are becoming a real prospect.
Politically correct euro austerity misfires
MADRID | Without the debt mutualisation well organised single-currency unions have, the euro zone is nothing but a bunch of weak links. Citi strategist JL Campuzano advocates for deeper budget consolidation now, for economic growth in the near future.
Brussels’ recipe for disaster
Behind the latest good news about better external deficit figures in Spain and the US, nominal GDP records demonstrate that Brussels is wrong: it isn’t time for savings when income drops dramatically. Spain needs credit to grow and repay its debts.
“Contraction and austerity combined are an extremely dangerous mix for Spain”
Morning! Today we bring you the last part of our summer series interview with Professor of Economics at Columbia University Martin Uribe. He believes that the Eurozone needs structural changes to tackle the crisis, especially in fiscal matters. The lesson we should learn from this crisis is to avoid high capital inflows into a country as happened to Spain from 2000 to 2008. – Several Nobel laureates have decried budget…