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Friday, May 31, 2013

'The Beginning of the End for Eurozone Austerity?'

The other day I posted a link to an article at Spiegel titled "Austerity About-Face: German Government to Gamble on Stimulus." Here's Gavyn Davies on whether this is really "The beginning of the end for Eurozone austerity?":

Fiscal austerity, a concept which German Chancellor Merkel says meant nothing to her before the crisis, may have passed its heyday in the eurozone.  ...
this may not be the end of eurozone austerity, or even the beginning of the end, but it is the end of the beginning.

Substance here.

    Posted by on Friday, May 31, 2013 at 11:04 AM in Economics, Fiscal Policy | Permalink  Comments (11)


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