Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
I believe the ECB's story is that austerity build confidence which then leads to economic recovery. So in Europe it's just the confidence fairy story.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Fri Jan 6th, 2012 at 03:58:44 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series