Monday, May 7, 2012

Austerity

  • Europes voters called for less fiscal austerity and more economic growth last weekend.
  • (ABC News)
  • Europeans are rebelling against austerity. That's the read on Sunday's elections in Greece and France.
  • (Washington Post)
  • PARIS -- 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.
  • (Huffington Post)
  • Austerity is out, growth is in. Thats the general but uncertain message of two critical elections featuring one of Europes biggest and one of its smallest economies. The shift could even play out in the U.S.
  • (San Francisco Gate)
  • 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. What replaces it, though, was anything but clear.
  • (The Christian Science Monitor)
  • WASHINGTON -- Economic austerity is a dangerous, self-defeating intellectual fad. Perhaps I should say thats what it was, given Sundays election results in Europe. Perhaps I should also say good riddance.
  • (RealClearPolitics)
  • Europe's most indebted nations shouldn't use their recessions as an excuse to avoid committing to austerity plans if the region is ever to emerge from its debt crisis, Latvian Prime Minister Valdis Dombrovskis said.
  • (Bloomberg)
  • Fiscal Policy: The stunning outcomes of elections in France, Greece and Italy were called a sweeping repudiation of austerity by more than one media outlet.
  • (Investors Business Daily)
  • LONDON (Reuters) - The euro fell heavily across the board on Monday after Greek and French elections cast doubt on politicians commitment to austerity plans aimed at tackling the euro zone debt crisis.
  • (msnbc.com)
  • With the elections in France and Greece Sunday, both supercharged by debt, deficits, and economic desperation, Europe is about to take a dramatic new direction.
  • (MSN Money)

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