Greece: if austerity doesn't work... Try more austerity! | 287 comments (287 topical, editorial, 0 hidden)

Re: What's wrong with this plan? (none / 1)

Imports would also had to be cut, and the competitivness of export companies increased, as we have discussed in other places.

But the government of an EU member state is not allowed to do anything in these areas. All it is allowed to do is deregulate.

Economics is politics by other means

by Carrie (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 10:23:52 AM EST
[ Parent ]

Re: What's wrong with this plan? (none / 0)

It sure is allowed to do things! Improving infrastructure, fighting corruption, cutting red tape, changing taxes and so on and so on. The only thing which is disallowed is subsidies.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Jun 19th, 2011 at 10:32:01 AM EST
[ Parent ]

Greece: if austerity doesn't work... Try more austerity! | 287 comments (287 topical, 0 editorial, 0 hidden)

Top Diaries

Ukraine: Allies Waving the White Flag

Energy (and Other) Events Monthly - December 2023

Recent Diaries

McCarthyism and Genocide of Palestinians

VDL Hard Lessons Human Rights Law

Boris Johnson 'Bamboozled' by Scientific Data

Ukraine: Allies Waving the White Flag

Stoltenberg: A Big Win for Ukraine

Mark Rutte: Using the Nation to Become Secretary General

December 2023

Netanyahu Tells Biden Fu*k Off

Keeping Up with COP28

A Sort-a Truce Extended 24 Hours

Energy (and Other) Events Monthly - December 2023

NeXiT the Trump Era of Dutch PM Wilders

Erasure of Palestinians the Zionist Dream

21st Century Pax Americana and Violence

Dublin Far Right Riots After Knife Attack

Clean Break From Peace to War

Woodrow Wilson's Collapse and the Peace Movement

A Children's Sing-Along Annihilate Everyone In Gaza

Xi - Joe Launch a New Communication Probe

The Israeli War Hoax of 40 Beheaded Babies

Occasional Series