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One-Pager No. 27
| February 2012
EU’s Anorexic Mindset Drives the Region’s Economies into Depression
The coordinated contractionary policy on the part of the European Union is inspired by its belief that this is the most effective way to tackle the eurozone’s “debt crisis.” However, by ignoring the endemic problems of unemployment, poverty, and homelessness—all of which have as their underlying cause the contraction of economic activity—European economic policy reveals a growing gap with the real world.
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Author(s):
C. J. Polychroniou
Related Topic(s):
Eurozone
Eurozone debt crisis
Fiscal austerity
Greek economic crisis
Inflation targeting
Institutional reform
Unemployment
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