On to Portugal! | 34 comments (34 topical, editorial, 0 hidden)

"Austerity measures are stupid." (none / 0)

"I don't agree that Spain should go through excessive and stupid consolidation that puts it in a more difficult situation than it already is, but on the other hand Spain is the fourth- largest economy of the euro zone and as such it cannot take total leave from the promises it has made," Juncker said.

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/13/bloomberg_articlesM0SODU0YHQ0X01-M0TQX.D TL

"Austerity measures are stupid," Juncker.

by Upstate NY on Tue Mar 13th, 2012 at 01:35:58 PM EST

Re: "Austerity measures are stupid." (4.00 / 6)

"Austerity measures are stupid but promises are promises and we have to worry about our credibility, so we're imposing austerity, warts and all".

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 01:38:09 PM EST
[ Parent ]

Re: "Austerity measures are stupid." (4.00 / 6)

You know what's best here?

Zapatero of the PES is the one who made the stupid promises on behalf of Spain.

Narrative game, set and match for the EPP.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 01:42:36 PM EST
[ Parent ]

On to Portugal! | 34 comments (34 topical, 0 editorial, 0 hidden)