Europe’s Irrelevant Austerity Debate by Daniel Gros – Project Syndicate


The debate about austerity and the cost of high public-debt levels misses a key point: public debt owed to foreigners is different from debt owed to residents.

TourdeForce‘s insight:

Jonathan Haynes, Tdf Consultants, comments, “Debate on austerity detracts from the need to create growth globally.”

See on www.project-syndicate.org

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