Not only is support for sanctions in Europe crumbling, so is support for alleged austerity. I say alleged because there really hasn't been any austerity. France Rebels Against Austerity Please consider France Rebels Against Austerity as Europe's Recovery Collapses by Ambrose Evans-Pritchard.
Eurozone strategy is in tatters after economic recovery ground to a halt across the region and France demanded a radical shift in policy, warning that austerity overkill is driving Europe into a depression. Growth slumped to zero in the second quarter, with Germany contracting by 0.2pc and France once again stuck at zero. Italy is already in a triple-dip recession. Michel Sapin, France’s finance minister, sent tremors through European capitals with a defiant warning that his country would no longer try to meet its deficit targets and would not inflict further damage on its economy by tightening into the downturn. “I refuse to raise taxes to close any budget gaps,” he said. Growth is too weak in Europe and inflation is too low. We must therefore stop reinforcing the causes of this depression,” he told RTL television. “We must face the figures in front of us with realism. The truth is that, contrary to the forecasts of the International Monetary Fund and the [European] Commission, growth has broken down, both in France and in Europe.”
Time for a Rethink Sapin wants a rethink. I certainly agree. It's time for France to ... Rethink agricultural subsidies Rethink high tax rates Rethink work rules Rethink countless regulations Rethink government spending that accounts for 57% of GDP Rethink Hollande Rethink socialism Actually, it's time for France to rethink everything that isn't working. In turn, that means France needs to rethink everything, because as best as I can tell, nothing is working properly.
"Friendly Guy" says the US should ... Rethink agricultural corn subsidies Rethink low tax rates Rethink work rules and the few vacation days employees receive Rethink countless lack of banking regulations Rethink government spending that accounts for a large part of GDP Rethink Obama Rethink capitalism Every country should become like the fetid U.S. of A.
