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How Righteousness Killed the World Economy
Keywords:
Krugman points to the connection between the failure to achieve debt reduction through debt forgiveness and the sluggish economic growth in the eurozone and U.S., five years after the global banking and financial crisis of 2009 and four years after the beginning of the eurozone debt crisis in 2010. In the U.S. debt reduction for homeowners was delayed with a wave of foreclosures, and in Europe austerity budgets were the norm as Germany pushed hard for austerity policies. In 2014 small relaxation of austerity to give relief to voters took place in Greece, France, Italy and Spain, with austerity budgets still in place. Growth also slowed in Germany to slight contraction in the third quarter and no growth in the fourth quarter of 2014. This is leading to the formulation of new policy to address growth challenges in the eurozone. Debt to GDP is growing in eurozone countries and Britain because of lack of growth, even though spending cuts have been made, showing the need for rethinking policy.
The deleveraging process for debt reduction of banks, homeowners, consumers, and government underway in the U.S. 2009-2015
01/06/2009
Grouped Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
Retailers Can’t Gas Up on Oil Savings
Wall Street Journal 05/14/2015
Cheap Oil Gives Little Help to U.S. Spending
Wall Street Journal 12/11/2015
Wall Street Journal 09/08/2011
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09/13/2011
"Financial repression" as part of U.S. Federal Reserve policies to improve U.S. debt servicing and investors in bonds
05/21/2011
Grouped Articles
Wall Street Journal 05/11/2013
When Model Borrowers Bite Back
Wall Street Journal 05/28/2013
Wall Street Journal 05/29/2013
Bond Yields Jump to a Different Beat
Wall Street Journal 05/29/2013
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
Credit card debt surges and the effects on U.S. consumer spending, followed by household debt reduction.
07/05/2008
The result is huge swings in consumer spending, first with rising debt and then with debt reduction and the cultural shift to different lifestyles.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
Failure of U.S. colleges and universities to reduce costs and lower the tution burden
04/11/2011
An increasingly important issue as student debt passes $1 trillion inthe U.S. and hurts the economy
Grouped Articles
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
Wall Street Journal 05/20/2013
Obama Wants College Aid Tied to Rating System
Wall Street Journal 08/23/2013
Obamaâs Plan Aims to Lower Cost of College
New York Times 08/22/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
California College Chief Calls for Tuition Freeze
Wall Street Journal 11/14/2013
Mian and Sufi show negative effects of the lack of a comprehensive plan that included homeowner rescue of the Obama-Bernanke Financial Rescue in 2008-2011
04/15/2009
Professors at Princeton and the University of Chicago have demonstrated through their research that the lack of a comprehensive plan providing siginificant efforts to help homeowners has hurt the U.S. economy in the long run and delayed a recovery. With the middle class already reeling under one trillion dollars of student debt, high unemployment, stagnant wages, and retirees facing interest rates near zero, a weakened middle class was further affected by the lack of strong efforts on the homeowner side to balance aid to banks. This makes a consumer driven recovery that much more difficult and prolongs the pain.
Grouped Articles
The Case Against the Bernanke-Obama Financial Rescue
New York Times 05/16/2014
New York Times 05/17/2014
The Ripple Effects of Rising Student Debt
New York Times 05/24/2014
From President Obama, Economic Clarity but Little Courage
Washington Post 04/15/2009
Book Review: 'House of Debt' by Atif Mian and Amir Sufi
Wall Street Journal 05/29/2014
The New Rules of Borrowing for Homes, Autos and College
Wall Street Journal 09/13/2014
Household debt, spending and the U.S. economy 2010-2015
02/05/2008
Grouped Articles
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
'Secular Stagnation' May Be for Real
Wall Street Journal 08/27/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
Need to roll over short term debt of close to $4 trillion will limit growth in the U.S. and Europe.
07/11/2010
A trend to short term borrowing and the competing role of banks and sovereign governments in bond issuance, is likely to put additional stress on capital markets worldwide. This is true especially in Europe which has $2.6 trillion to roll over by 2012, according to analysts. The stress will ber greater on less healthy financial institutions in Europe.
Grouped Articles
Sovereign-debt managers: Rollover roulette
Economist 10/16/2010
How Righteousness Killed the World Economy
New York Times 10/12/2014
Crisis Awaits Worldâs Banks as Trillions Come Due
New York Times 07/11/2010
New Doubts on EU Bank Stress Tests
Wall Street Journal 07/20/2010
New York Times 08/21/2010
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
Student debt at $1 trillion in 2011 - a macroeconomic factor which determines consumer spending and buying of new homes
03/11/2009
Student debt in 2011 was 5 times the level in 2000. This happens as education and technical skills are increasing in importance in determining wages and benefits, higher education in increasingly becoming unaffordable, and government help is declining because of budget cutbacks. This is affecting the image of the U.S. as a nation of opportunity.
Grouped Articles
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
U.S. Schools Chief Arne Duncan Labors to Straddle Political Divide
Wall Street Journal 07/22/2013
The Great Stagnation in American Education
New York Times 09/07/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Student debt and the added burden it poses for the U.S. economy in 2012-2015
04/11/2011
The effects on new home purchases by younger buyers of first homes of the pile up of large student debt.
Grouped Articles
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
New York Times 06/22/2013
Housing Recovery Increasingly Prices Out First-Time Buyers
Wall Street Journal 07/22/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
Reinhart and Rogoff on the lessons from other financial crises for the global financial crisis of 2008- it takes about 7 years to recover completely
02/03/2009
Grouped Articles
What Other Financial Crises Tell Us
Wall Street Journal 02/03/2009
In Japan’s Stagnant Decade, Cautionary Tales for America
New York Times 02/13/2009
New York Times 03/01/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
A Grecian Formula for Courting Disaster
Wall Street Journal 07/07/2015
A Warning on China Seems Prescient
New York Times 08/24/2015
Alternative views to the economic contractions and slow growth theory after financial crises in Rogoff's "This Time Is Different"
02/03/2009
Grouped Articles
Seminal Economic Paper on Debt Draws Criticism
Wall Street Journal 04/16/2013
New York Times 04/18/2013
Spreadsheet Slips Not Economists' Only Problem
Wall Street Journal 04/20/2013
What Other Financial Crises Tell Us
Wall Street Journal 02/03/2009
New York Times 03/01/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
The widening gap betwen average wages and the consumer price index in Britain from July 2007 to July 2013
08/20/2013
Prices of basic household food and other items have gone up much faster than wages in Britain squeezing consumers and reducing consumer spending.
Grouped Articles
U.K. Moves To Tackle Income Squeeze
Wall Street Journal 08/20/2013
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/2015
Economist 08/24/2015
The fight of his life: on the road with Jeremy Corbyn
The Guardian 06/02/2017
Consumer spending and the shift to lower paying and parttime jobs in the U.S. - 2010-2014
01/06/2009
Grouped Articles
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
Consumer spending and confidence in Italy 2012-2013
06/29/2012
Grouped Articles
In Italy, Consumer Confidence Reaches Record Low
New York Times 06/29/2012
How Righteousness Killed the World Economy
New York Times 10/12/2014
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 European Union's next 7 year Budget Plan for 2014-2020 reflects austerity in the EU country budgets
02/08/2013
Spending priorities reflected in the next 7 year EU budget include a 37% increase in spending on efforts to tackle high youth unemployment and to build transnational infrastructure.
Grouped Articles
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
New York Times 05/22/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
EU Leaders Agree on a Budget Deal
Wall Street Journal 02/09/2013
European Union Leaders Agree to Slimmer Budget
New York Times 02/08/2013
Strikes and labor protest in Britain over austerity measures 2011-2012
08/14/2010
Grouped Articles
U.K.'s Labour Party Moves Back Toward Socialist Ideas
Wall Street Journal 09/25/2013
U.K. Politicians Vie to Address Fall in Living Standards
Wall Street Journal 11/18/2013
Radical Britain: The unlikely revolutionary
Economist 08/14/2010
Universities in Britain Brace for Cuts in Subsidies
New York Times 10/15/2010
Britain Details Radical Spending Cuts, Citing Debt
New York Times 10/20/2010
New York Times 10/21/2010
Portugal's austerity budget
09/27/2010
Grouped Articles
Portugal Unveils Toughest Austerity Budget Yet
Wall Street Journal 10/16/2013
Economic Report Supports Socialistsâ Policy in Portugal
New York Times 09/27/2010
How Righteousness Killed the World Economy
New York Times 10/12/2014
Rising Left Bloc in Portugal Could Threaten Austerity Drive
New York Times 11/07/2015
Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.
New York Times 07/22/2018
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
New York Times 11/30/2014
Italian Government Advances Austerity Plan
New York Times 06/30/2011
Wall Street Journal 07/12/2011
Britain's perilous path with austerity cuts, inflation and lower economic growth- 2011-2015
06/22/2010
Grouped Articles
The economy: On a wing and a credit card
Economist 07/08/2013
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
Economic suicide and Bond Vigilantes- contrasting views of Krugman and Feldstein on austerity measures in Europe with high unemployment
10/12/2014
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
New York Times 11/30/2014
Credibility of elites tested in the decade following the financial crisis of 2008-2009- falling incomes in the U.S. and high unemployment in Europe, and disaffection in local regions such as Scotland
09/20/2014
Policies of Gordon Brown and Alistair Darling in a Labor government increased the role of the financial sector in the British economy and the part played by London as financial capital, only to lead to a near collapse of the banks in the financial crisis of 2008-2009. Brown and Darling are both Scots who failed to see the effects on regions in Britain such as Scotland, already affected by deindustrialization under the Conservative Thatcher government, and now hit by the repercussions of the financial crisis under first Labor and then austerity Conservative government of David Cameron. Irwin faults the elites for failing to grasp the effects of their policies on average working people, the risks involved in an overblown speculative financial sector, and only waking up with the elections for the European parliament and tense moments before the referendum in Scotland.
Grouped Articles
In Scotland and Beyond, a Crisis of Faith in the Global Elite
New York Times 09/20/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
Krugman on the Riksbank policy of raising interest rates and a faltering economic recovery in 2014
04/20/2014
Grouped Articles
New York Times 04/20/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
New York Times 11/30/2014
Swedish Inflation Heading in Right Direction, Riksbank Governor Stefan Ingves Says
Wall Street Journal 04/21/2015
Krugman on economic policy and prospects for Europe in 2011-2014
01/11/2010
Grouped Articles
New York Times 11/10/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
New York Times 11/30/2014
The Road to Economic Crisis Is Paved With Euros
New York Times 01/12/2011
Running the euro zone: Pact of uncompetitiveness
Economist 02/12/2011
New York Times 05/22/2011
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
New York Times 11/30/2014
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
European banks offering vendor financing to sell distressed real estate properties
11/23/2011
Banks are offering financing upto 70% of the deal to unload distressed commercial real estate to buyers. Experts say this defeats the purpose of deleveraging.
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
European Banks: Here's a Loan to Buy Our Loans
BusinessWeek 11/23/2011
Bloomberg Business Week's Peter Coy calls for debt forgiveness- creditor haircuts for sovereign debt in Europe, and bank writedowns of debt in the U.S. housing market
08/10/2011
Peter Coy of Bloomberg Business Week calls for debt forgiveness in the August 2011 issue of Business Week. Stretching out the debt issues without writedowns says Coy, only leads to austerity programs, stagnant growth and drags the issues out over many years. Better solutions can be found by starting anew with writedowns now and arrangements to make this possible, and returning to growth sooner. What about moral hazard? There is moral hazard in letting the banks bear no cost for reckless lending decisions, they are as likely to repeat this behaviour says Coy, as Greece or the underwater mortgage borrower in the U.S., if they did not have to bear the consequences of their decisions.
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
For Europe’s Sake, Keep Greece in the Eurozone
New York Times 07/06/2015
How to Undo the Damage in Greece
New York Times 07/06/2015
Personalities Clashing Over How to Handle New Greek Bailout
New York Times 07/23/2015
BusinessWeek 08/10/2011
Growing burden of college loans and student debt in the U.S. in 2011-2015
04/11/2011
Grouped Articles
Congress Passes Bill on Highways, Student Loans and Flood Insurance
Wall Street Journal 06/30/2012
High student debt is dragging down the U.S. economy | Wonkblog
Washington Post 04/18/2013
Student Loan Debt Is a Drag on the Economy, Too
New York Times 05/10/2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10/23/2013
Upward Mobility Has Not Declined, Study Says
New York Times 01/23/2014
The ’1 Percent’ isn’t America’s biggest source of inequality. College is.
Washington Post 05/23/2014
Developing bankruptcy and other options for states with severe debt problems in the U.S.
01/20/2011
Senator Cronyn raises the question about developing options for restructuring of finances if states have no other option. Budget deficits of many states in the US are expected to be severe enough to require some mechanism for resolution.
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
State Bankruptcy Option Is Sought, Quietly
New York Times 01/20/2011
In Muni-Bond Ills, Danger and Hope
Wall Street Journal 02/09/2011
States face bleak economic forecast, report says - The Washington Post
Washington Post 11/29/2011
Report Details Threats to States' Fiscal Health
Wall Street Journal 07/18/2012
In Report on Statesâ Finances, a Grim Long-Term Forecast
New York Times 07/17/2012
Household debt, income and savings in the U.S.- 2010-2015
02/05/2008
Grouped Articles
Wall Street Journal 02/02/2012
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
How only $144 billion of the $825 billion U.S. 2008-2009 Stimulus adds value to the economy, the rest increases U.S. Debt
01/16/2009
As much as the Stimulus was needed a lot goes to stabilize the economy and shore up the banking system, only a small portion 17% goes into productivity increasing improvements. The rest increases the nation's debt which has implications for the future in terms of austerity measures to reduce debt to GDP ratios. These future costs are all part of the costs of the bubble and financial crisis.
Grouped Articles
New York Times 09/06/2011
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
New York Times 10/10/2010
How Righteousness Killed the World Economy
New York Times 10/12/2014
Wall Street Journal 01/16/2009
Government Spending Is No Free Lunch
Wall Street Journal 01/22/2009
Mortgage debt levels in the U.S. 2010-2014
02/28/2013
Grouped Articles
How Righteousness Killed the World Economy
New York Times 10/12/2014
Households Return to Borrowing Ways
Wall Street Journal 02/28/2013
Realistic perspectives on the U.S. economy with the consumer and bank bad debt overhang.
03/11/2009
High Frequency Economics's Ian Shepherdson and other experts look at the effect of debt in estimating growth.
Grouped Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
New York Times 11/29/2009
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
Economist Shiller Sees Potential for 'Double Dip' Recession
Wall Street Journal 08/27/2010
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
The U.S. savings rate as the American public shifts to less spending, debt reduction, and higher savings after the economic crisis in 2008-2009.
02/05/2008
The increase in the savings rate as saving takes precedence.
Grouped Articles
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
The Doomsayers Who Got It Right
Wall Street Journal 01/02/2009
U.S. Savings Rate at Highest Point in 15 Years
New York Times 06/27/2009
Reviews of "This Time is Different" by Rogoff and Reinhart
01/21/2008
Boom, bust cycles, with high indebtedness, asset bubbles, and unsustainable current account deficits are followed by long periods of slow or nonexistent growth say Rogoff and Reinhart in their new book. This raises questions about the now current hypothesis that economic recovery will take place in 2011-2013. As the book's title suggests there are long periods in history that show this and it is gaining in credibility as the column by David Wessel in the Wall Street Journal July 21,2011, suggests.
Grouped Articles
Seminal Economic Paper on Debt Draws Criticism
Wall Street Journal 04/16/2013
New York Times 04/18/2013
Spreadsheet Slips Not Economists' Only Problem
Wall Street Journal 04/20/2013
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
What Other Financial Crises Tell Us
Wall Street Journal 02/03/2009
New York Times 03/01/2009
U.S. household wealth, consumer spending and the economy- 2013-2015
03/11/2009
The uneven distribution of household wealth gains after the stock market recovery of 2010-2013 and consumer spending more dependent on income gains.
Grouped Articles
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
That 2014 Growth Breakout? Not Looking Likely
Wall Street Journal 03/02/2014
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
'Secular Stagnation' May Be for Real
Wall Street Journal 08/27/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Consumer Spending in the U.S. in 2010-2013
01/06/2009
Grouped Articles
Wall Street Journal 04/18/2013
BusinessWeek 07/29/2010
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Consumer spending in Britain- 2010-2014
04/13/2011
Grouped Articles
U.K. Moves To Tackle Income Squeeze
Wall Street Journal 08/20/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
U.K. Economy: Suffering From Consumption?
Wall Street Journal 04/13/2011
As Cameron Wields the Ax, Britain Cringes
BusinessWeek 06/09/2011
Britain Lowers Growth Forecast and Extends Austerity Measures
New York Times 11/29/2011
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 âTroikaâ 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
Wall Street Journal 10/08/2014
Merkel Hints at Economic Policy Shift in Germany
New York Times 10/09/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
The focus on youth unemployment of the European Union 2014-2020 Budget
02/09/2013
The EU Budget reduces government contributions to reflect the austerity budgets in EU countries and having to get on with less. One area that is given priority is youth unemployment, with money for reducing youth unemployment increased by 37% to 126 billion euros.
Grouped Articles
EU Leaders Agree on a Budget Deal
Wall Street Journal 02/09/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Eurozone unemployment hits lowest level in eight years | Business | DW | 31.07.2017
DW.COM 07/31/2017
Despite Growth, Many in Europe Still Lack Steady Jobs
WSJ 08/17/2017
The 2012 austerity budget in Spain under prime minister Mariano Rajoy
03/30/2012
Grouped Articles
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Spain Emerges From Recession but Sees More Austerity Ahead
Wall Street Journal 09/23/2013
New Spanish Budget Free of Austerity Measures
New York Times 09/27/2013
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Portugal's austerity measures and the financial crisis 2010-2015
09/27/2010
Collapse of the government in Portugal in 2011, after failing to win support for further austerity measures.
Grouped Articles
Wall Street Journal 05/03/2013
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Portugal Plans Cuts in Spending
Wall Street Journal 05/30/2013
Portugal's Government Thrust Into Turmoil
Wall Street Journal 07/03/2013
Lisbon Cabinet Shuffle Buoys Junior Coalition Party Leader
Wall Street Journal 07/08/2013
Portugalâs President Calls for Early Elections
New York Times 07/11/2013
Plans to cut corporate taxes by 5% and individual income taxes by 12.5% in Spain for 2015-2016, reversing earlier tax increases
06/20/2014
The plan comes as the ruling Partido Popular party faces new parliamentary elections in 2015. This is a significant effort to reverse the austerity measures since 2011. Similiar moves are being made by the new government in Italy to reduce taxes and reverse earlier austerity moves. A new coalition government of the CDU with the Socialist SPD in Germany has created a new climate for these moves to reverse austerity.
Grouped Articles
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
Merkel Hints at Economic Policy Shift in Germany
New York Times 10/09/2014
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
European Union Blinks in Budget Battle With Italy and France
New York Times 10/28/2014
Austerity measures and the economy in the Netherlands
07/23/2013
Grouped Articles
Dutch Economy Springs Leak, Faces Stagnation
Wall Street Journal 07/23/2013
How Righteousness Killed the World Economy
New York Times 10/12/2014
Dutch Voters Rebuff Anti-Immigration Candidate
WSJ 03/16/2017
Austerity measures facing European countries in 2011-2013
11/13/2011
Grouped Articles
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
New York Times 11/30/2014
Austerity in Europe Brings Bitterness Unknown in Postwar Era
New York Times 11/13/2011
France's 2015 "no-austerity" budget- adapting to a situation of estimated 0.4% growth for 2014
10/01/2014
Even the focus on "no austerity" leaves 50 billion in euros of cuts which will be pushed into 2016-2017. With the critics of Hollande on the left saying he is undermining France's social welfare model. With inflation at estimated 0.3% in the eurozone for September 2014 this is a perilous time of no growth and deflationary tendencies.
Grouped Articles
France Produces a ‘No Austerity’ Budget, Defying E.U. Rules
New York Times 10/01/2014
France 2015 Budget to Curb Spending
Wall Street Journal 10/02/2014
Merkel Hints at Economic Policy Shift in Germany
New York Times 10/09/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
French Bravado Being Put to the Test in Eurozone
Wall Street Journal 10/13/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Ireland's austerity budgets
05/01/2012
Grouped Articles
Ireland Faces Seventh Year of Austerity
Wall Street Journal 10/16/2013
New York Times 11/03/2013
Hardships Linger for a Mending Ireland
New York Times 12/11/2013
Ireland Faces Battle Over Europe Stability Treaty
New York Times 05/01/2012
European Finance Ministers Support Investment Program
New York Times 09/14/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Krugman on austerity policies in the eurozone countries and Britain
10/21/2010
Grouped Articles
New York Times 11/10/2013
New York Times 10/21/2010
Britain's Austerity Overdose
New York Times 10/22/2010
Jack Monroe Has Become Britain’s Austerity Celebrity
New York Times 01/14/2014
London's Tory Mayor Defies the Tory Party
BusinessWeek 11/04/2010
How Righteousness Killed the World Economy
New York Times 10/12/2014
Krugman on economic policy and prospects for the U.S. in 2010-12
08/08/2010
Grouped Articles
New York Times 08/08/2010
Bush Tax Cuts: Now That's Rich
New York Times 08/22/2010
New York Times 09/05/2010
New York Times 10/10/2010
New York Times 06/07/2012
How Righteousness Killed the World Economy
New York Times 10/12/2014
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