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Keywords: Spain, Greece, Italy, Austerity Eurozone,
Governments change in Italy and Spain as eurozone skeptical views gain prominence after years of austerity programs.
Grouped Articles
Aftereffects of Eurozone Crisis Plague Europe’s South
WSJ 06/01/2018
What Spain owes the ejected Mariano Rajoy
The Economist 06/11/2018
Analysts point to the austerity measures adopted by Italy and Spain much earlier than other countries in the eurozone. The risk now is cutting into muscle as growth for 2011 is expected to be below 1% in both countries. Italy say analysts is actually in surplus when the interest on debt is excluded.
Grouped Articles
Italy Urged to Resist a Relapse in Spending
Wall Street Journal 05/03/2013
Still Sputtering, Spain Turns Away From Cuts
Wall Street Journal 05/12/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
European Finance Ministers Support Investment Program
New York Times 09/14/2014
Italy's new movement which is anti-euro has seen public support go up from 4% in 2011 to 20% in 2012 in opinion polls. This party formed around Grillo's anti-establishment views and corrupt politicians won the election in Parma with little funding. Part of the popularity comes from the austerity measures taken by prime minister Monti, whom he calls "rigor Monti." Grillo supports environmental issues and describes himself as moderately liberal, at the same time he tightly controls this movement. He says his movement is similar to the movement in France of Marie Le Pen which opposes austerity measures and membership in the eurozone.
Grouped Articles
Italy Fails to Elect President
Wall Street Journal 04/19/2013
Opposition Leader Rallies Italians in Protest After President Is Re-elected
New York Times 04/21/2013
Italian Left Bolstered by Showing in Mayoral Races
Wall Street Journal 06/11/2013
In Italy, a comedian getting the last laugh - The Washington Post
Washington Post 10/01/2012
Italyâs Political Scandals Rattle Public Trust
New York Times 10/17/2012
Italyâs Center-Left Heads for a Runoff in Leadership
New York Times 11/26/2012
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
The initiative of the German and French Economics ministers Sigmar Gabriel and Emmanuel Macron to call on lecturers Pisani-Ferry and Henrik Enderlein for advice, comes at a time when Germany's growth has declined to zero or negative in the second half of 2014. Both are critics of Merkel's policies. For the first time Merkel is listening to different opinions and advice even as the government says it is sticking to balanced budgets. Finance minister Schauble continues to say investment should be mostly private. ECB president Draghi has generated the discussion by saying at a Brookings Institution conference in Washington D.C. that governments with fiscal space (referring to Germany) should provide stimulus. He added that eurozone governments that do not listen to new advice about generating growth will be swept away by public opinion. German officials privately say they can understand the Hollande government's situation with favorability ratings of 18% at the lowest level of any postwar French government. The situation is now markedly different from before with Berlusconi's old politics gone in Italy, and Matteo Renzi having obtained the largest mandate of any eurozone leader in the recent EU parliamentary elections, receiving 40% of the vote. Renzi and French premier Manuel Valls are pushing for less austerity reflected in the 2015 French budget now being reviewed in Brussels.
Grouped Articles
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Germany’s flagging economy: Build some bridges and roads, Mrs Merkel
Economist 10/17/2014
Growth Fears Grip a Divided Europe
Wall Street Journal 10/17/2014
Government Holds Firm in Germany in Face of Weakening Economy
New York Times 10/17/2014
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
The twin problems of lack of growth and overvalued currencies under the solutions of austerity plans without debt reduction and a single euro currency create impossible odds for a resolution of the eurozone financial crisis. Germany's insistence on tough austerity measures, European banks delaying restructuring of bad loans similar to the U.S. Brady plan, failure of politicians in Italy and Greece to take early action, and small steps by policymakers, are compounding the effects of the eurozone crisis.
Grouped Articles
German Election Overturns Political Order
Wall Street Journal 09/23/2013
New York Times 11/03/2013
Germany's Surplus Isn't the Problem
Wall Street Journal 11/11/2013
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Italy Central Banker Is Open to 'Bad Bank'
Wall Street Journal 02/10/2014
Saying No to Austerity, Spain Unveils Tax Cuts
New York Times 06/20/2014
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