4/30/2013

Italy moves to more government spending as the solution for economic growth

Italy is going back to the policies that got it in trouble to begin with.  I wasn't a fan of the higher taxes and it would have been nice to see some real cuts in government spending, but this will be worse.  From the NY Times:
Mr. Letta is part of a growing European effort to question the austerity policies championed by Germany as the medicine to deal with the economic malaise in Europe, where unemployment has surpassed Great Depression levels in some places in the south and recession is creeping toward the once-resilient economies in the north. . . .

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