From Austerity to Neo-Keynesianism: the EU’s U-Turn

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An EU commissioner’s recent acknowledgment that the imposition of austerity had been a ‘mistake’ passed by with relatively little fanfare.

An EU commissioner’s recent acknowledgment that the imposition of austerity had been a ‘mistake’ passed by with relatively little fanfare. Not very long ago, the European Union’s official line was that opposition to austerity was delusional, the product of anti-European sentiment that refused to face up to difficult but necessary choices

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Hilary Hogan