The wheels are coming off the whole of southern Europe – Ambrose Evens-Pritchard -Telegraph

One of a number of posters created by the Econ...

One of a number of posters created by the Economic Cooperation Administration to promote the Marshall Plan in Europe (Photo credit: Wikipedia)

 

English: Southern Europe.

English: Southern Europe. (Photo credit: Wikipedia)

 

This is a powerful article from Ambrose Evens-Pritchard, in his Telegraph blog. It’s STRONGLY RECOMMENDED READING, in my view. Check it out!

 

via The wheels are coming off the whole of southern Europe – Telegraph.

 

Regular readers of this blog will know that I have been highly critical of the excessive austerity medicine prescribed to Southern Europe; this blog has argued in favour of massive investment, a traditional Keynesian remedy to stimulate demand – a type of Marshall Plan.  Sadly, the austerians is Berlin and Brussels still prevail but as Ambrose Evens-Pritchard concluded their policies are not sustainable.

 

Any thoughts?

 

 

 

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