European politics has been plunged into a volatile new era following a historic victory in Greece’s general election by far-left radicals committed to ending years of austerity.
More than five years into the euro crisis that started in Greece in October 2009 and raised questions about the single currency’s survival, Greek voters roundly rejected the savage spending cuts and tax rises imposed by Europe which reduced the country to penury.
Read more at the UK Guardian
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Showing posts with label Austerity. Show all posts
Showing posts with label Austerity. Show all posts
Sunday, July 5, 2015
Saturday, April 6, 2013
Austerity Is Not to Blame for Tepid Job Growth
Politics: Democrats were quick to blame the anemic March jobs number on the "sequester" spending cuts. If that were the case, what explains the previous four years of lousy job growth under Obama?
At 88,000, the jobs growth in March was well below expectations. And while the unemployment rate dropped, that was the result of hundreds of thousands dropping out of the labor force who as a result aren't counted as unemployed.
Democrats, of course, tried to pin the blame for this on Republicans for allegedly pushing austerity measures.
Read more at Real Clear Markets Read More......
At 88,000, the jobs growth in March was well below expectations. And while the unemployment rate dropped, that was the result of hundreds of thousands dropping out of the labor force who as a result aren't counted as unemployed.
Read more at Real Clear Markets Read More......
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