on austerity

reading up on austerity measures:

"This eCollection provides a synthesis of the current debate, on whether the consolidation programs adopted by several countries in since 2011, cut too much and too soon, thus creating an unnecessary contractionary bias and macroeconomic risk. In the Eurozone, the backlash from such policy mistake could easily undermine social consensus towards the common currency and jeopardise progress towards integration."

vox