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Portugal and Spain (I don't know about Ireland) grow when they forget the austerity rules. Here is some prediction for you: you tell me that Spain and Portugal
by RobertoG 8y ago
Portugal and Spain (I don't know about Ireland) grow when they forget the austerity rules.
Here is some prediction for you: you tell me that Spain and Portugal have reformed and that's the reason their economy is growing. At some point, this will change, do you want to bet what will be the proposed solution? More reforms.
The reforms mantra is only a way of dismantling the welfare state. That is: of a way of avoiding redistribution to the people that need it more. If you think that can be done without a political backslash you are in for a surprise.
- Kurtz79 8y agoHow do you concile this view with the fact that other European countries (Germany, Austria, Netherlands, nordic countries) have very healthy economies and an expansive welfare state as well? Monetary devaluation and increasing national debt had long been used by Italy and other countries as a fig leaf to avoid addressing historical problems that these reforms try to address. The EU has removed this fig leaf. Errors have been made and the crisis should have been handled better, but it does not exempt these countries from having to fix their own problems.