Some hints the deficit may be large enough to sustain some growth.

No doubt this will be spun as ‘see, austerity works’, when the same deficit could have been achieved proactively with a tax cut and/or spending increase before the austerity increased the deficit the ugly way, via depressing GDP and elevating unemployment.


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4 Responses

  1. Isn’t this bump a result of exchange rate shifts of euro financial assets into a safe haven?

    Can’t find the link.

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