2 ms·
> If by "get your shit together" you mean "maintain a functioning economy and get your deficits under control", austerity is exactly the wrong approach to take.
by anamax 14y ago
> If by "get your shit together" you mean "maintain a functioning economy and get your deficits under control", austerity is exactly the wrong approach to take.
You're assuming that Greece's spending helps to maintain a functioning economy. That's arguable.
"Get your deficits under control" requires increasing revenues and/or decreasing spending. Maintaining Greece's spending choices does not address the latter and if it addressed the former, they wouldn't have deficits.