Austerity Is So Wrong! 4 Ways to Stay Sane in a Toxic Office Sen. Harry Reid The Postal Service Must Be Saved Because 'Seniors Love Junk Mail' Jobs Report More Evidence Doesn't Work Euro crisis deepens Will France and Greece get an end austerity after elections Europe's Weakness Finally Reaching Germany Greek Economy Contracting at Rapid Rate Job Numbers Put Obama Between Rock Hard Place François Hollande’s Victory Sharpens European Debate now dirty word Europe but what next News Analysis Spain Pursuing Still Waits for the Payoff Economic View No Quick Answer Fate of Greeks Rush Pass Handouts Before What does mean Higher taxes fewer jobs _ let us count ways Comment on GOP plan protects Pentagon cuts social programs Summary Box squeezed A primer look like

Austerity as a bridge to nowhere Economic austerity is a dangerous, self-defeating intellectual fad. Perhaps I should say that's what it was , given Sunday's election results in Europe. Perhaps I should also say good riddance. Voters in France, Greece and even Germany — a hotbed of the austerity cult — told their political leaders, in no uncertain terms, that boosting economic growth is more important than cutting government ... A European primer: What does austerity look like? Austerity has been the main prescription across Europe for dealing with the continent's nearly 3-year-old debt crisis, brought on by too much government spending. But what does it mean for the average European? Imagine paying sales tax of 23 percent or more. Or having your wages cut by 15 percent. Or, if you're in Ireland, both. Austerity comes in many forms: higher taxes, fewer state benefits ... Austerity now dirty word in Europe, but what next? The day after Francois Hollande rode to power in France on a slogan of "change now," the conversation in Europe was already different Monday: Austerity had become a dirty word. Why is austerity so unpopular in Europe? Because it's not working. Europeans are rebelling against austerity. That's the read on Sunday's elections in Greece and France. But why do voters loathe austerity so much? Because, as economists have found, efforts to rein in budget deficits can take a wrenching toll on living standards, especially in a recession. Read full article >> Why European Austerity Fails Voters in Greece and France on Sunday voted decisively against the austerity policies of their governments - and for good reason. Austerity meets voter backlash in Greece, France Politicos backing spending cuts, other austerity measures to address fiscal woes get slap-down from electorate, creating more fiscal uncertainty Anti-austerity ballot backlash rattles euro zone ATHENS/PARIS (Reuters) - An anti-austerity backlash by voters in Greece and France shook the euro zone on Monday, causing jitters for the euro currency and stock markets amid deepening doubts about whether Greece has a future in the single currency. Greece, where Europe's sovereign debt crisis began in 2009, slid into turmoil after an election on Sunday boosted left and right-wing fringe parties ... Austerity is a dirty word in Europe but what next? The day after Francois Hollande rode to power in France on a slogan of "change now" the conversation in Europe is already different: Austerity has become a dirty word. Candidates against austerity lead in Italian vote Several candidates opposed to austerity measures were making a strong showing Monday in Italy's local elections, partial results indicated, in the first nationwide test for Premier Mario Monti since he was named to save Italy from its debt crisis. Shelving Austerity for Growth Poses Big Risks Europe has swung rapidly from a continent burdened by debt and consumed by the idea of sharp austerity to a continent still laden with debt but consumed by a vague strategy of growth.
Key Words: austerity

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