"First of all, is there really austerity in the eurozone? One would think that a person is austere when she saves, i.e., if she spends less than she earns. Well, there exists not one country in the eurozone that is austere. They all spend more than they receive in revenues.
In fact, government deficits are extremely high, at unsustainable levels, as can been seen in the following chart that portrays government deficits in percentage of GDP. Note that the figures for 2012 are what governments wish for."
2 comentários:
If we had more Mises in European Policy maybe we would have less problems.
Muita Força para o blogue desde Portugal.
Um forte Abraço
Mises sempre, não é?, cousas liberais sempre são de bom tom!
Que grata surpresa o trabalho de vocÊs! não os conhecia,mas pude ver que devo seguí-los desde já.
Envio minhas Saudações desde o lado de cá do Atlântico
Postar um comentário