Europe could jump-start a sustained recovery |Michael Spence – The Japan Times

This is an important story from Nobel Prize winning economist, Michael Spence, published in the Japan Times.

via Europe could jump-start a sustained recovery |Michael Spence – The Japan Times.

Living in Cyprus, Southern Europe, this head-line seems a little ambitious. I maintain that excessive austerity has damaged countries like Greece, Italy, Cyprus, Spain, Portugal and France. Germany has had many artificially good years because of the Euro’s exchange rate but now according to German experts, Germany is seriously at risk too. Meanwhile, Germany wants and expects European countries to live within their agreed budgets – this was a position which all the Euro countries accepted.

I am hopeful that common sense will prevail and Germany will relent on austerity, in exchange for real reforms.

Thoughts?

EU report – labour mobility key to demographic and skills challenges


European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

Latest report from the EU will do virtually nothing for Europe‘s unemployed and lost-generation. This is especially so for Southern Europe, where the European Commission’s policies of excessive austerity have caused the unemployment. Check it out!

via EU report – labour mobility key to demographic and skills challenges.

Let me ask an open question:

Should the Eurocrats who commissioned this research be doing something better with taxpayers’ monies?

Thoughts?

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