Daily Archives: March 30, 2012

UK Treasury ‘did not see crisis coming’ – FT.com

March 30, 2012 By in Austerity, David Cameron, George Osborne, Growth, Keynesian Tags: , , , , , , , 2 Comments
HM Treasury building

HM Treasury building (Photo credit: HM Treasury)

This article from the FT makes interesting and the comments are quite lively too. Check it out!

UK Treasury ‘did not see crisis coming’ – FT.com.

Imagine, if the Treasury is so weak, and we now have an ineffective Chancellor too, it’s not suprising that David Cameron‘s government is stuck in an austerity nose dive. 

What do you think?

Madrid commits to reforms despite strike – FT.com

March 30, 2012 By in Austerity, Cost Cutting, Euro Crisis, Growth, Keynesian, Neoliberal, ordoliberalism, People, Public Sector, Public Services Reform, Society, Spain, Travel, Unemployment Tags: , , Leave a comment
View of Cervantes Institute headquarters (form...

View of Cervantes Institute headquarters (former Río de la Plata Bank's building) from Calle de Alcalá (street) in Madrid (Spain). Español: Vista de la sede principal del Instituto Cervantes (antiguo edificio del Banco del Río de la Plata) desde la Calle de Alcalá de Madrid (España). (Photo credit: Wikipedia)

This is a good story from the FT. Check it out!

Madrid commits to reforms despite strike – FT.com.

Personally, whilst I recognize that the Spanish economy needs serious structural, I believe that too much focus on austerity will lead to unnecessary pain for Spanish citizens.

What do you think?