Article2010

Absurd Austerity Policies in Europe

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European Monetary and Fiscal Policies Fiscal Policies and Political Economy European Socioeconomic and Political Studies

Abstract

Austerity policies again prevail in Europe as well as in the United States. These economists, based in England and continental Europe, focus on the poorly understood damage that the austerity mania will almost certainly do on their side of the Atlantic. Why is it happening? There is no rational answer.

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