Persistent misconceptions over the nature of the Greek bail-out play a subtle but key role in sustaining a damaging mythology – and preventing a viable treatment of the crisis.
The political to-and-fro after George Osborne’s budget failed to ignite political imaginations. Maybe because all parties are struggling to rationalise the hole government coffers.
John Van Reenen, London School of Economics and Political Science
What the chancellor didn’t mention is that UK GDP per person is 16% lower than we would have expected on pre-crisis trends and the major factor is lousy productivity growth.
The Conservatives are campaigning on the idea that they have succeeded at reducing the UK’s fiscal deficit. But deficit reduction has been an economic failure.
After years of austerity, European citizens are organising resistance and voting against the politics of fear. Will they learn from Latin America’s painful experience?