Federal

Nov 16, 2012

Richard Farmer’s chunky bits: recession bites Europe…again

The impact of the world financial crisis lingers on. And the harsh-austerity countries did much worse than the OECD was expecting.

Richard Farmer

Crikey political commentator

Not ended yet. The impact of the world financial crisis lingers on. Last night came the news that a large part of Europe was back in a double dip recession.

And from Paul Krugman comes this look at just how wrong the OECD was in arguing back in its 2010 Economic Outlook that policies of fiscal austerity would put things right:

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2 comments

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2 thoughts on “Richard Farmer’s chunky bits: recession bites Europe…again

  1. klewso

    Ole for Jose – he seems to have figured out “how much money is enough”?

  2. Sandifeet

    What a coincidence you put in that story about the president of Uruguay I have just moved here & saw Jose on tv yesterday I thought he was drunk & asked my Spanish language teacher (26) about him & he repeated almost exactly what the BBC had to say! He seems popular enough & his views show a similar compassion that most Uruguayans seem to have for poorer kinsmen than themselves? I like it here!!

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