In the debate on the Greek crisis, no cliché was too tawdry to be used and no claim too stupid or false to be made by large sections of the media and politics. Time and again, we read or heard how the “lazy Greeks” or “bankrupt Greeks” really ought to start cutting spending now. The […]
Reviving EU Fiscal Policy: 10 Ways To Strengthen Public Investment
As the Euro crisis hit, European policy makers reacted with headless austerity policies and a tightening of the Stability and Growth Pact (SGP). The failure of these policies is obvious: after seven years of deep economic crisis the Euro area is on the verge of deflationary stagnation. Public investment – which should have stabilized the […]