Maybe austerity is a really bad idea. It has its place in the general monetary toolbox [1], but history shows that it is really not worth to use only that (Mark

Maybe austerity is a really bad idea. It has its place in the general monetary toolbox [1], but history shows that it is really not worth to use only that (Mark Blyth: Austerity - The History of a Dangerous Idea [2]). Also, even the IMF has studies where the positive effects of austerity are questioned [3]. [1] http://www.economicprinciples.org/ [2] https://www.youtube.com/watch?v=JQuHSQXxsjM [3] http://www.imf.org/external/pubs/ft/wp/2011/wp11158.pdf Also, the EU needs much more wealth redistribution than it is currently happening, and austerity acts contrary to that: https://plus.google.com/+JeanBaptisteQueru/posts/CPB9bwHqsfn https://plus.google.com/+JeanBaptisteQueru/posts/CPB9bwHqsfn