Europe's governments turning against austerity measures

Fri, 27 Apr 2012 08:10:00 -0500

Across the European continent, there's a growing belief that austerity is killing those country's future, and it's growth, not spending cuts, that is needed to turn things around. But there's a tension between the need to balance the budget and the desire to grow.

James Birnie

Sat, 05 May 2012 19:31:40 -0500

The problem is not austerity, it is the inability to devalue.

The myth pedalled by the Franco Prussian axis that the failure of the single currency will somehow herald the end of the world as we know it is exactly that - a myth.

The single currency was conceived, existed and hangs on for grim death, for the benefit of the French and German economies, it needs to end now to allow the rest of continental Europe to recover.

PRI: Public Radio International

Europe's governments turning against austerity measures

James Birnie