Calling Europe's anti-austerity bluff

The political push for eurozone nations to 'stand up' to austerity advocates is growing, but the alternative – the idea that Europe can spend its way out of debt – is an illusion.

Spanish unemployment is nearing 25 per cent. The suicide rate is climbing in Greece. Britain is in a double-dip recession. Amid all this pain, the cry is growing louder. Austerity policies in Europe are dangerous. Someone has to stop this madness.

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