The unfolding crises spreading throughout the Eurozone continues to inflict unnecessary pain and poverty. This pain has been continually made worse by the disastrous policies of those in charge of the Euro. German Chancellor, Angela Merkel, is now starting to share in the pain her preferred policies have delivered to other Euro nations. Today, . . . → Read More: This “just in” from the Eurozone: Greeks Aren’t Lazy
This isn’t fun to report:
Ireland’s economy contracted faster in the third quarter than at any time over the past two years, calling into question its ability to recover while implementing harsh austerity measures.
Gross domestic product fell by 1.9 per cent from July to September compared with the previous quarter due mainly to . . . → Read More: Ireland’s Suicide-by-Austerity Continues
A lot of news over the weekend on the Euro ‘crisis’. As I write this, but before I publish it – Greece may even have a new government. That’s how quickly things are changing. Because of all the news, I’m pretty sure all my posts this week are going to concentrate on Greece, the . . . → Read More: Greek Week Rush – Analyzing the Euro Crisis
For those who don’t know, austerity is “a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided. Austerity policies are often used by governments to reduce their deficit spending while sometimes coupled with increases in taxes to pay back creditors to reduce debt”.
In the United States, . . . → Read More: Ireland’s Budget Cuts: A Case Study on the rewards of Austerity