Financial Times (November 16)
2012/ 11/ 17 by jd in Global News
“This week, the consequences of the eurozone’s misguided policies were brought home to the politicians overseeing them.” Millions of workers went on strike just as the area fell back into recession. “The eurozone theology of austerity by all is doing its predictable beggar-thy-neighbour work…. This economic and political damage was caused by a wrong-headed morality tale that attributed the debt crisis to fiscal indiscipline, when in reality profligacy was a sin most promiscuously practised by private lenders and borrowers.”
Tags: Debt crisis, Economy, eurozone, Recession, Strike
