Sunday, April 1, 2012
Analysis: Resistance to austerity stirs in southern Europe
This article covers a recent strike in Spain, and the reactions of southern European countries' citizens to their future economic projections. Politician of Spain,Mariano Rajoy and Italy's Mario Monti may face a deeper recession in their countries, possibly resulting from cuts intended to reduce debt. Greece and Portugal also face similar problems possibly from providing exceptional workers benefits under a multinational currency.
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1 comment:
Sometimes a deeper recession is necessary to reduce debt. Economies should be able to recover balancing monetary and fiscal policy.
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