“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?

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

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