Saturday January 18, 2020

Eurozone contraction: the view from overseas

The eurozone economy shrank more than expected in the first quarter of this year and there is increasing criticism of European-style austerity from key partners of the bloc.

15th May, 2013
The European road of savage austerity leads to "social destruction", say critics.

The eurozone economy shrank more than expected in the first quarter of this year and there is increasing criticism of European-style austerity from key partners of the bloc.

In Australia, Treasurer Wayne Swan made clear he’ll eschew European-style austerity as a stronger currency slows growth.

“To those who would take us down the European road of savage austerity I say the social destruction that comes from cutting too much, too hard, too fast...

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