Austerity is often times the least bad option when compared to hyperinflation and a complete withdrawal of creditors. Neither were realistic scenarios for the U

Austerity is often times the least bad option when compared to hyperinflation and a complete withdrawal of creditors. Neither were realistic scenarios for the UK, so I agree that austerity as a ideological goal like it was in the UK doesn't make any sense. As far as successes go, Greece and Spain can be considered successes as they were legitimately at risk of losing their Eurozone status.