Tuesday, September 11, 2012

Dirk Ehnts — The new politics of austerity

It seems that the reality is starting to sink in that austerity is guaranteed to a) make things worse economically for your country and b) make re-election of the government imposing austerity all but impossible.
econoblog101
The new politics of austerity
Dirk Ehnts

Dirk Ehnts states the obvious. They why don't TPTB get it? Maybe it's because, as he observes,
What does “solving” the crisis mean here in Germany? I have the feeling that to politicians it means that all creditors get repaid regardless of how badly they have invested the money.
The post is short and to the point.

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