debating progressive politics in Europe and beyond
The management of the crisis is based on the wrong assumptions. Goals are misunderstood, procedures are incorrect and thus the bust lasts for longer. Austerity has not yield the expected results. Therefore, many public policy makers are shifting towards growth by granting access to credit for families and SMEs to revitalise the economic activity. Spain [...]
Spain’s Fund for Orderly Bank Restructuring (FROB) will receive up to €100 billion, so they tell us.[1] President Mariano Rajoy has referred to this intervention as “good news”; apparently the Salvador Dali school of Spanish conservatism is still going strong. Given that our government continues to systematically deny reality, it is tempting to follow them [...]
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