It’s the politics, stupid!
Pisani-Ferry, Jean. Four years after first cracks in the financial system emerged, the coincidence of the euro-area and the US debt crises is a powerful reminder of the complexity of the chain of events set in motion by the global financial crisis. Citizens who were told in 2009 that resolute joint action by the members […]
Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009
Ponticelli, Jacopo & Voth, Hans-Joachim. In the wake of this week’s London riots, some commentators have linked the youth unrest to budget cuts. The authors of CEPR DP8513 explore the historical basis for this view and finds that austerity and violence have tended to go hand in hand. Πηγή: CEPR πλήρες κείμενο