Tag Archives: Austerity Doesn’t Work

Stiglitz: Global Debt Restructuring Framework Necessary

The Guardian — When the euro crisis began half a decade ago, Keynesian economists predicted that the austerity being imposed on Greece and the other crisis countries would fail. It would stifle growth and increase unemployment – and even fail to decrease the debt-to-GDP ratio…

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Brilliant! Iceland forgives mortgage debt of its population

The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.

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