Read all posts for ‘Austerity fatigue’

When economic growth is not a given anymore, how can democratically elected governments trigger growth, maintain the welfare state and keep public spending down all at the same time? The answer is easy: they simply can’t. European welfare states have come to a crossroads. On the one hand, private investors […]

In November, the backlash to externally imposed austerity once again boiled over. Labor unions executed coordinated strikes. University students took to the streets. Daily life came to a halt as citizens protested grinding reforms. The harsh economic restructuring was demanded by the International Monetary Fund (IMF) and backed by the […]