Anyone with half a brain knows that when unemployment is high and economic growth still painfully slow, cutting the deficit too much would make a bad situation even worse.
L'Italia e la Spagna dovranno passare sottole Forche Caudine della supervisione di Bruxelles e Francoforte, mentre il futuro dell'euro rimane incerto per la mancanza di crescita dei paesi in difficoltà.
One thing is certain: the American rating agencies are not “neutral”. Their proposal is to change the economies of the debtor countries though privatizations, wage restraint and labor market deregulation.
A higher inflation rate of three to five percent produces better outcomes by lowering the unemployment rate and creating labor market bargaining conditions that help connect wages to productivity growth.
