European austerity is a threat to economic growth. The dangers of deflation are thus not banned, nor are the structural problems of the aging of the population solved.
Moody's met en garde contre les politiques de rigueur . to pursue Le Monde, 23/08/2010
instead a policy of economic reason, the German government succumbs to the temptation to make on the cheap demagoguery. What is required is, extricating loss-EU member countries from their structural trap and spur economic growth. Instead, voters will be set to catch and put these countries, the austerity of the gun to his chest, which can compound the misery just continued. Indication of this political demagoguery, the term " PIGS" is. The acronym 'Who would be surprised, it has already brought to a Wikipedia article keyword, although this term from the long market players nothing more than a list of countries with the negative connotation of "state debt" and is more in a slang dictionary is as an encyclopedia. " casino capitalism " however, over what term it back to scientific work of Susan Strange, Michel Albert, and most recently Hans-Werner gives meaning and on a comparison of JM Keynes, it has only made a formidable fighting debate, for the time being drinzubleiben in the encyclopedia. Again, an indication of the political impact of these oh-so neutral site All the World Encyclopedia.
The current policy failures is reminiscent of the Versailles Peace Treaty, where against all economic reason Germany by the victorious powers, also forced for purely demagogic electoral considerations was to accept excessive reparations. At the same time had been without the economic interdependence of the German economy to provide to those of the rest of Europe into account, made it politically impossible that Germany was unable to provide these economic benefits at all. JM Keynes was one of the first who had publicly denounced in his book, that political bullshit. - Where are we today with Europe?
John Maynard Keynes: war and peace. The economic consequences of the Treaty of Versailles. from the English by MJ Bonn and C. Brinkman. Ed. with an introduction and Dorothea Hauser. Berenberg, Berlin 1 Ed Sept. 2006. ISBN 3-937834-12-5. 13-978-3-937834-12-2.
" The boom, not the slump, is the right time for austerity at the Treasury. "
- John Maynard Keynes (1937) Collected Writings
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