World Economy In Meltdown

[riderinthestorm]

4. Another article trying to sound the alarm about how austerity policies are the wrong tactic

"The real economy component of the index has been hard hit as growth prospects in Europe, already fragile after the 2011 crisis, have been further undermined by brutal austerity plans in many countries. “This is stifling growth, worsening debt to GDP ratios in the short run, and generating an unsustainable political situation at the domestic and pan-European levels,” Prof Prasad said. "


Damn shame. K and R for an important article