Europeans Fight Back

Pal, Amitabh
September 2012
Progressive;Sep2012, Vol. 76 Issue 9, p8
The article discusses how wrong policies of policymakers in European countries resulted in financial and debt crises in the region, and the efforts of people to organize protests against austerity in Europe. It is said that due to faulty construction of euro, countries like Greece and Spain were not able to take steps like expanding money supply to revive their economies. It is mentioned that European Central Bank's fiscal conservatism and anti-inflation policy also contributed to the crisis.


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