Austerity may be painful in the short-run, but it is necessary to resolve this economic crisis. Except when the crisis happens in the US or EU, the government will bailout the economy.
No, Greece, Portugal and Spain don't count as a real EU member when it matters. Bailouts are for core members only!!
There was also an argument used that the IMF had to impose measures, because the peoples of those countries can't govern themselves. So they must be ruled by a competent non-corrupt foreign entity.
Austerity may be painful in the short-run, but it is necessary to resolve this economic crisis. Except when the crisis happens in the US or EU, the government will bailout the economy.
No, Greece, Portugal and Spain don't count as a real EU member when it matters. Bailouts are for core members only!!
There was also an argument used that the IMF had to impose measures, because the peoples of those countries can't govern themselves. So they must be ruled by a competent non-corrupt foreign entity.
The dialectic of race and capitalism. It's no coincidence that the people judged incompetent are paid the least and suffer the worst racism.