debating progressive politics in Europe and beyond
Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say. But the public often overreacts to such talk. Consider, for example, the debt-to-GDP ratio, much in the news nowadays in Europe and the United States. It is sometimes said, almost in the same [...]
As Europe struggles to get to grips with the global financial crisis, we are seeing governments apparently determined to outdo each other in the severity of their austerity packages. Next in line will be the new British government, which later this month will set out what promises to be very harsh measures for cutting the [...]
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