[lbo-talk] Britain´s failed experiment, repeated

[Fernando Cassia]

"A year and a half ago, Prime Minister David Cameron of Britain came
to office promising to slash deficits and energize economic growth
through radical fiscal austerity. It failed dismally. But no lessons
were learned, and instead of reversing course, Mr. Cameron’s
Conservative-Liberal Democrat coalition plans to make the pain worse
by pushing even tougher austerity measures on the weakening economy.
Related

Times Topics: Great Britain | David Cameron
Unfortunately, neither Europe nor the Republicans in Congress are
learning from Britain’s bad outcome either. Grim new data released
last week show that British growth is still flat-lining, unemployment
is still rising and the ratio of government debt to gross domestic
product is still climbing faster than predicted."

Full story at:
http://www.nytimes.com/2011/12/04/opinion/sunday/britains-failed-experiment-repeated.html?_r=1&nl=todaysheadlines&emc=tha211

Best,
FC
-- 
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