The bankruptcy of universal austerity is political as well as economic.
The more clearly the eurozone’s favoured policy is failing, the less credible mainstream politicians – still too loyal to Germany’s demand for deficit cuts – will seem to voters.
If leaders are seen as oblivious to common sense, they will leave the field open for the likes of Mr Wilders.
Financial Times editorial 24 April 2012
The more clearly the eurozone’s favoured policy is failing, the less credible mainstream politicians – still too loyal to Germany’s demand for deficit cuts – will seem to voters.
If leaders are seen as oblivious to common sense, they will leave the field open for the likes of Mr Wilders.
Financial Times editorial 24 April 2012
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