This article from Paul Krugman, the Nobel winning economist, in the New York Times, is well worth a read. Check it out!
Whilst I support Paul Krugman’s view on austerity alone being the wrong economic medicine, I think that perhaps he is being a bit too extreme in his conclusions. In my view, Europe will fix its economic problems but it will be an iterative process over many, many years.
Do you support Paul Krugman’s view?