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Death of a Fairy Tale

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Krugman questions whether the assumptions behind the austerity policies are true- that they would inspire confidence in economic recovery, or that in the absence of austerity policies borrowing costs would go through the roof. The recent events in Holland with the collapse of the government in the Netherlands- when a party leader supporting the government said he did not want to hurt pensioners in the Netherlands just to satisfy German opinion- and the mood in France with economic anxiety vote going to Marie Le Pen and Francois Hollande in the first round of presidential elections, shows that very little confidence has been created. High unemployment and economic anxiety are leading to a reappraisal of austerity cuts that depress the economy and reduce tax revenues, but Krugman says no changes are taking place to correct these policies. This is true for Spain with its high unemployment, and Britain which now has two quarters of negative growth.

Austerity measures facing European countries in 2011-2013

11/13/2011

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German Election Overturns Political Order

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Those Depressing Germans

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The 'Silent Austerity' in Banking

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How Righteousness Killed the World Economy

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Being Bad Europeans

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Austerity in Europe Brings Bitterness Unknown in Postwar Era

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Britain's perilous path with austerity cuts, inflation and lower economic growth- 2011-2015

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The economy: On a wing and a credit card

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U.K. Moves To Tackle Income Squeeze

Wall Street Journal 08/20/2013

The Curious Case of Britain's Economic Recovery

Wall Street Journal 10/21/2013

U.K. Politicians Vie to Address Fall in Living Standards

Wall Street Journal 11/18/2013

U.K. Government Prepares For Deep Budget Cuts

Wall Street Journal 06/22/2010

British Towns and Institutions Reel From First Austerity Cuts

New York Times 08/09/2010

France's austerity plans and pension reform 2010-2014

06/16/2010

Grouped Articles

The Plot Against France

New York Times 11/10/2013

Hard times force French to work longer -- to age 62

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France's Lagarde Forecasts Austerity

Wall Street Journal 06/23/2010

French Unions Protest Pension-Age Overhaul

Wall Street Journal 09/08/2010

French Senate Passes Pension Bill

New York Times 10/22/2010

French Cabinet Is Dissolved, a Victim of Austerity Battles

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Greece, debt and the new austerity budgets 2011-2013

12/10/2009

Grouped Articles

Greek Draft Budget Sees Primary Surplus, Return to Growth

Wall Street Journal 10/14/2013

Greek Patience With Austerity Nears Its Limit

New York Times 12/29/2014

Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post

Washington Post 01/26/2015

Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.

New York Times 07/01/2015

Mirage of Economic Turnaround Masked New Greek Crisis in the Making

Wall Street Journal 07/05/2015

Greece: Austerity Budget Passed

New York Times 12/25/2009

Greece's austerity measures, politics and the 2012 elections

07/26/2011

The prospects of combined vote of 30-35% for the two major political parties of Samaras and Venizelos with the rest of the vote splintered among extreme right and left wing parties, in the the 2012 Greece elections.

Grouped Articles

Frenemies: Two Greek Rivals Hold Nation's Fate in Balance

Wall Street Journal 07/26/2011

Only Syriza Can Save Greece

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Fractious Greek Government Splits

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Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.

New York Times 07/01/2015

Greece's Fringe Parties Surge Amid Bailout Ire

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In Greece, austerity kindles deep discontent - The Washington Post

Washington Post 03/31/2012

Faces of recession battered Greece as new austerity programs are adopted by the government

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Grouped Articles

EU Dismisses IMF's Criticism On Greek Bailout

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Those Depressing Germans

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Greece’s prescription for a health-care crisis - The Washington Post

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Across Athens, Graffiti Worth a Thousand Words of Malaise

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Greek Patience With Austerity Nears Its Limit

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Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post

Washington Post 01/26/2015

Portugal's austerity measures and the financial crisis 2010-2015

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Collapse of the government in Portugal in 2011, after failing to win support for further austerity measures.

Grouped Articles

Portugal Unveils Budget Cuts

Wall Street Journal 05/03/2013

Portugal Returns to Bond Market

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Portugal Plans Cuts in Spending

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Portugal's Government Thrust Into Turmoil

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Lisbon Cabinet Shuffle Buoys Junior Coalition Party Leader

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Portugal’s President Calls for Early Elections

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Romania's austerity measures 2009-2013

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Grouped Articles

Favorite Concedes Presidency in Romania

New York Times 11/16/2014

Protests Drive Out Romania Premier

Wall Street Journal 02/07/2012

Austerity Debate a Matter of Degree

Wall Street Journal 02/17/2012

Pain Without Gain

New York Times 02/19/2012

Death of a Fairy Tale

New York Times 04/26/2012

Vote in Romania Fells Government

Wall Street Journal 04/28/2012

Italy's austerity measures- 2011-2013

06/30/2011

Grouped Articles

Italy Urged to Resist a Relapse in Spending

Wall Street Journal 05/03/2013

How Righteousness Killed the World Economy

New York Times 10/12/2014

EU Won’t Reject French, Italian Budgets

Wall Street Journal 10/28/2014

Being Bad Europeans

New York Times 11/30/2014

Italian Government Advances Austerity Plan

New York Times 06/30/2011

Italy Fears Jolt Markets

Wall Street Journal 07/12/2011

The IMF comes out on Spain's side in 2012 saying deficit reduction should have taken into account the weaker economic outlook

09/27/2011

The IMF in April 2012 says cuts in Spain may be too severe and cautioned that austerity measures could push Europe into recession.

Grouped Articles

Still Sputtering, Spain Turns Away From Cuts

Wall Street Journal 05/12/2013

Europe to Vote on Tougher Rules for Currency

New York Times 09/27/2011

German Optimism Depends On Spanish Deficits

Wall Street Journal 09/25/2013

The 'Silent Austerity' in Banking

Wall Street Journal 01/21/2014

Euro Zone Deficit Hits Target for First Time Since 2008

New York Times 04/23/2014

Saying No to Austerity, Spain Unveils Tax Cuts

New York Times 06/20/2014

The IMF's changing views on the value of austerity measures and the "German hypothesis"

04/05/2009

The IMF's economic models suggest that it would take 5 years for the breakeven point at which the economic benefits of austerity measures start exceeding the costs of the measures in declining GDP and higher unemployment. The German view is that this can occur in the short term.

Grouped Articles

Policy ‘Troika’ for Europe Financial Woes at Odds

New York Times 06/07/2013

German Election Overturns Political Order

Wall Street Journal 09/23/2013

Known for Tight Spending, I.M.F. May Have to Loosen Reins After G-20 Windfall

New York Times 04/05/2009

Germany Considers Remedies for Slowing Growth

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Merkel Hints at Economic Policy Shift in Germany

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How Righteousness Killed the World Economy

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The impact of austerity measures on various parts of Britain.

07/03/2010

Impact of the Cameron government spending cuts across the UK.

Grouped Articles

U.K. Politicians Vie to Address Fall in Living Standards

Wall Street Journal 11/18/2013

British Towns and Institutions Reel From First Austerity Cuts

New York Times 08/09/2010

Radical Britain: The unlikely revolutionary

Economist 08/14/2010

As the Working Poor Become More Common in Britain, So Does Hunger

New York Times 01/02/2014

U-Turn in the U.K.: Big Spending Cuts

Wall Street Journal 10/14/2010

Jack Monroe Has Become Britain’s Austerity Celebrity

New York Times 01/14/2014

The austerity spending cuts and new taxes in Greece- 2011-2012

06/28/2011

Grouped Articles

Greek Patience With Austerity Nears Its Limit

New York Times 12/29/2014

Greek Ship Owners Fear Syriza Tax Plan

Wall Street Journal 01/28/2015

Greece Wanted to Reframe Europe’s Austerity Debate. It Failed.

New York Times 07/01/2015

Mirage of Economic Turnaround Masked New Greek Crisis in the Making

Wall Street Journal 07/05/2015

Greece Erupts Over Austerity

Wall Street Journal 06/29/2011

Two-Day Strike in Greece Ahead of Austerity Vote

New York Times 06/28/2011

Greece and prime minister Papandreou's Nov. 3, 2011 referendum proposal on the euro and austerity plans

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Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum

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Hopeful Start to Greek Debt Negotiations Quickly Soured

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Greek Referendum on Offer That Is Off the Table Baffles Voters

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Why Not Give the Greeks Their Say?

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Greek Leader Calls Off Referendum

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Call for Greek Vote Unsettles Europe

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Angela Merkel's handling of the financial crises in eurozone countries

04/29/2010

The German response to the debt crisis in the eurozone and the events in 2011-2012.

Grouped Articles

As Greek Drama Plays Out, Where Is Europe?

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Germany Clears Rescue for Greece

New York Times 05/03/2010

No going back

Economist 05/13/2010

Germans Respond to Merkel's 'Motherly' Side

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Merkel Wins Big in German Election

Wall Street Journal 09/23/2013

Germany's Surplus Isn't the Problem

Wall Street Journal 11/11/2013

What does Germany want from the Euro and the European Union? The Euro issue facing Germany in 2011-2015

03/03/2010

German political leaders do not want a "transfer union." At the same time they want to keep the European Union, just as much as Chancellor Kohl and Chancellor Adenauer. Merkel, Schroeder, Schauble and other leaders agree on the need for the European Union. The question is how to bring fiscal discipline to the EU, even if this means redesigning the structure of the EU. The vision of a united Europe persists.

Grouped Articles

Europe's Original Sin

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Germany's Surplus Isn't the Problem

Wall Street Journal 11/11/2013

Crisis of the Eurocrats

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Greek Crisis Shows How Germany’s Power Polarizes Europe

Wall Street Journal 07/07/2015

Strict order

Economist 08/08/2015

Charlemagne: Germany’s euro question

Economist 09/10/2011

Krugman and Stiglitz on Occupy Wall Street and inequality in America

04/01/2009

Grouped Articles

Japan Is a Model Not a Cautionary Tale

New York Times 06/09/2013

Rich Man’s Recovery

New York Times 09/12/2013

Why Inequality Matters

New York Times 12/15/2013

Geithner's Plan: Loopholes Galore

BusinessWeek 04/01/2009

Obama’s Ersatz Capitalism

New York Times 04/01/2009

Officials Cast Wide Net in Monitoring Occupy Protests

New York Times 05/22/2014

Krugman on the economy in Spain and Italy

09/25/2011

Grouped Articles

How Righteousness Killed the World Economy

New York Times 10/12/2014

Being Bad Europeans

New York Times 11/30/2014

Euro Zone Death Trip

New York Times 09/25/2011

Culture Built on Family Firms Tests Italy's Plan for Growth

Wall Street Journal 11/14/2011

Election Is Unlikely to Cure Spain's Pain

Wall Street Journal 11/16/2011

Spanish Vote Heralds More Austerity

Wall Street Journal 11/18/2011


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