While the ECB paper does not exactly state the obvious the meaning is clear – even to get within a ballpark of what is required will require substantial austerity being imposed on areas of expenditure […]
It was only a matter of time. First, the economic amateurs pounced on the welfare state, now they are attacking the core substance of the economy. As in the 1970s and 1990s, ‘German economic experts’ […]
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