Austerity Debates News Today

Austerity debates and whats happening in britain is not the same as whats happening in greece or the united states. the politics and the economies are different. in greece, for example, the greeks dont have the option of borrowing because nobody will lend to them. their ability to borrow is determined as much by the bond market and by their relationship with germany as anything else. theyre forced to undergo a budget cutting process which probably they should have undergone a decade ago which is...

Away a policy option and its made it difficult of borrowing more, of doing more public investment. that option was open to them, they had this option and got rid of it. shock, they didnt expect this, that the economy basically flat lined, stopped growing, recovery was aborted, the policy the bank of england has been pursuing is not effective partly because our banking system is not fixed. >> how does the austerity debate look to you? >> i think its important to understand there are different aus...