[lbo-talk] Strike against austerity cuts brings Portugal to a halt

[Wojtek S]

And to follow up on your eurozone point - its breakup is more likely than a
breakup of the US.  It follows that that EU may be more willing to go
further to stave off such a breakup than the US will ever consider going.

Wojtek

On Wed, Nov 24, 2010 at 9:20 AM, Michael Pollak <mpollak at panix.com> wrote:


>
> On Wed, 24 Nov 2010, Wojtek S wrote:
>
>  http://www.bbc.co.uk/news/world-europe-11825643
>>
>> [WS:] It seems that which party is in power makes little difference as far
>> as austerity measures are concerned.
>>
>
> If they instead to stay in the euro in its present form, individual
> countries in this position truly have no choice.  You can't generalize from
> this case to non-euro case.  The US by contrast is economically perfectly
> free to be fiscally expansive.
>
> Michael
>
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