“an obsession with austerity could make matters worse by deepening recession”

That’s a clause from the leading (and very important) article in the current issue of The Economist.

It is meant to tell us all that is wrong with the “Merkozy” plan for saving the €uro.

Is it not also the essential message that Ed Balls has been making about Gids Osborne’s sado-masochistic economics?


Leave a comment

Filed under Britain, Economist, economy, Ed Balls, George Osborne

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s