Fog City Journal / austerity
by Chris Kanthan on May 17, 2012 | 23 Comments
Greece’s unemployment rate is 25 percent – and for people under the age of 25, it’s 50 percent. In the last three years, the stock market is down 90 percent, average wages are down 40 percent, and GDP is down 20 percent. It’s no wonder suicide, homelessness and crime rates are going through the roof.
by Steven Hill on May 10, 2012 | 2 Comments
This new consensus seeks to elevate growth and job creation to equal status with fiscal consolidation/austerity, and so in that sense truly represents a new wind of change blowing across Europe.