EU rethinks austerity, better late than never..

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Now add the fact that the EU is probably wrong in its fundamental assumption that tackling government deficits and debt leads to prosperity. Since 2008, the macro data has shown that fiscal "austerity" — reining in spending to keep budgets balanced and decrease debt — has reduced economic growth, not increased it. Two separate studies have shown as much, one by the IIF and one by Oxford Economics.

The EU subversion of democracy contributed to recession in Italy - Business Insider