Friday, April 25, 2014

More on borrowing and budget deficit

Here is an article on the decrease of the EU budget deficit, and the impacts on recovery from the financial crisis.
Any comments, thoughts or questions

1 comment:

  1. What's happening in Europe is horrific, there's really no question about that. All that austerity doesn't help either. The fact that all these cuts in spending aren't really reducing the deficit shows that austerity doesn't even work in fiscal terms. This is because in an economy, one person's spending is another person's income, and when spending is depressed in such a way, we have a reduction income and hence tax revenues.