Professor Krugman, Where Is The Austerity?

This is from the Mercatus Center’s Veronique de Rugy:

We are told that austerity in Europe has failed. The elections in France and Greece, for instance, are supposedly evidence of people’s opposition to severe cuts in spending. However, the growing anti-austerity backlash against Europe ignores one fundamental point: If there is austerity in [...]

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