Europe’s austerity: big worries, small thinking | Editorial

Plan A is now acknowledged to be a failure; yet it remains the default option, just extended far into the future The economist Yanis Varoufakis has an apt metaphor for Europe’s latest approach to its economic crisis. Imagine, he says, that your neighbours demanded you do a 100m sprint in under 10 seconds. They whip […]


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Austerity could only ever bring Europe so far | László Andor

There can be no solution to the European Union’s crisis without restructuring economic and monetary union Economic prosperity and social progress are key European Union goals. But for the past five years it has delivered neither. It has been in a double-dip recession since mid-2011, with unemployment now at a record high of 11% and no […]


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