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Content about the New York Times

May 7, 2012

‘The emphasis on austerity is becoming increasingly unpopular, with opponents saying it creates a self-defeating cycle of economic stagnation leading to lower tax receipts. It has been denounced in large rallies in Greece, Spain and the Czech Republic recently, and has proved to be a losing plank in any recent European election where it was tested.’

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EUROPE VOTES AGAINST AUSTERITY

‘The emphasis on austerity is becoming increasingly unpopular, with opponents saying it creates a self-defeating cycle of economic stagnation leading to lower tax receipts. It has been denounced in large rallies in Greece, Spain and the Czech Republic recently, and has proved to be a losing plank in any recent European election where it was tested.’