This is a very interesting article from Georg Bibow published in the Social Journal Europe. I would RECOMMEND IT FOR A READ. Check it out!
The reader may also be interested that this morning, I have reblogged an article by Oxford economist, Simon-Wren-Lewis entitled Austerity, growth and being economical with the truth -Simon Wren-Lewis – Mainly Macro.
Let me turn this to an open question:
Is it morally right for policy-makers and newspapers to whitewash the social and economic damage done from excessive austerity?