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In the discussion thread: Greek MPs approve hefty budget cuts [View all]

Response to dipsydoodle (Original post)

Sun Nov 11, 2012, 09:47 PM

8. The Problem With A Budget Like This

Is it results in lowering aggregate demand and that leads to a further reduction in GDP, meaning the current recession will be made worse. Look, if 5 years of austerity has created 5 years of recession, what do they expect a 6th year of austerity to do -- defy the law of economics and grow the economy -- fat chance of that ever happening. Until Merkel is gone in Germany Europe will remain bogged down in recession. A recession that is likely to pick up speed.

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Arrow 22 replies Author Time Post
dipsydoodle Nov 2012 OP
Fire Walk With Me Nov 2012 #1
Ken Burch Nov 2012 #4
Fire Walk With Me Nov 2012 #7
brooklynite Nov 2012 #19
Fire Walk With Me Nov 2012 #21
brooklynite Nov 2012 #22
mckara Nov 2012 #2
Ken Burch Nov 2012 #3
riderinthestorm Nov 2012 #5
marmar Nov 2012 #6
hack89 Nov 2012 #10
Freddie Stubbs Nov 2012 #14
marmar Nov 2012 #15
Freddie Stubbs Nov 2012 #16
hack89 Nov 2012 #20
LineReply The Problem With A Budget Like This
DallasNE Nov 2012 #8
dipsydoodle Nov 2012 #9
Gregorian Nov 2012 #11
dipsydoodle Nov 2012 #12
Gregorian Nov 2012 #17
dipsydoodle Nov 2012 #18
hack89 Nov 2012 #13
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