Paul Krugman has been warning for months that austerity measures, at this point and time, are a bad decision. It would send the economy back into a recession.
Looks like Europe is a case in point. Humans should not be so dense they don't learn from their mistakes. http://www.huffingtonpost.com/2012/05/0 … 70237.html
http://www.washingtonpost.com/business/ … story.html
http://www.cbc.ca/m/rich/business/story … onomy.html
Unless you are getting richer on other people getting poorer.
Since I reached age 18, it is austerities after austerities. It doesn't work and still they apply them. It means either they are content with their results, either they don't want the people to know that they are alternatives to austerities i.e. to favor an economical policy centered on the demand, like Roosevelt did.
I am happy that movements of rebellion are rising in Europe. ENOUGH IS ENOUGH!
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