Europe is now officially in back-loaded austerity mode

As I have ben predicting here for months, the problems in individual large European economies have become too large to bear for the prevailing European policy mix. Therefore, today, in releasing the next year's country specific recommendations, the EC has moved away from front-loaded austerity, pushed back deficit reduction targets, and instead stepped up calls for structural reform. The pace of austerity is now considered to have been too swift - socially and politically unsustainable - and so ...

As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More