This short article published by the Washington Post is WELL WORTH A READ.
Check it out!
It seems that whilst austerity has been a drag on growth in the US over the last two years, the impact is almost now eliminated.
Sadly, David Cameron and leaders in Southern Europe cannot look to similar headlines. According to the IMF, the rate of austerity in Europe, especially the UK, has been too severe and will severely restrict opportunities for growth over he forseeable future.