The Irish example points to the dangers of simply squeezing ordinary people to pay off creditors rather than sharing the burden more broadly. Full Story »
Posted by Manfred Ostrowski - via New York Times (Most Emailed)
the facts and sources presented in this story confirm the beliefs of the view of a number of economists that austerity for the middle class and poorer citizens does not fix the economic problems which were created by the systems which catered to and still do those who control the money of investments and debt. that view, nevertheless doesn't prevail in most countries, where governments listen to those same systems to 'fix' those problems
