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pampango

(24,692 posts)

6. Good point. Austerity budgets are a relatively new (and disasterous) feature in Europe.

Reply to ananda (Reply #2)

Thu Nov 1, 2012, 09:15 AM

Nov 2012

Their trade policies have not changed for decades through good times and bad.

Austerity budgets are an unfortunate consequence of the election of so many conservative governments there. Let's hope that pressure from the new French socialist government and the current trend towards the election of more liberal governments will reverse the trend of austerity.

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So, how's that free trade working out for Europe? Youth unemployment is at 22.8% [View all] Zalatix Nov 2012 OP

Oh, you mean the Robme plan really doesn't work? Tigress DEM Nov 2012 #1

It works for BRIC. (Brazil, Russia, India, China) Zalatix Nov 2012 #3

Nonsense. The job providers saved pile's'o'cash sending jobs to the lowest bidders. geckosfeet Nov 2012 #4

Austerity never works to help a floundering economy. ananda Nov 2012 #2

+1. Austerity is an admitted failure, but they still can't admit tax increases are needed! reformist2 Nov 2012 #5

Good point. Austerity budgets are a relatively new (and disasterous) feature in Europe. pampango Nov 2012 #6

I fear things are about to get really bad in Europe. Golden Dawn in Greece is a bad omen. Odin2005 Nov 2012 #7