Tag / austerity
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Another Europe
The 2008 financial crisis threw European economies into turmoil and caused state debt to rise precipitously. The bureaucracy of the European Union in Brussels concluded that righting economic imbalances required indebted governments to implement harsh “austerity” policies. European states needing financial support or debt relief from the rest of the Eurozone were thus ordered to…
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Enough with Austerity
In the UK, the country I’ve called home for the past few months, we’ve now officially entered an unexpected double-dip recession. Like Obama, Prime Minister David Cameron inherited a huge debt. However, the British pound is much more vulnerable than the dollar, and the Tories decided to institute swift austerity measures for fear of becoming…
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