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Why European Progressives Stick To Austerity

Meyer, H. (2014) “Why European Progressives Stick To Austerity“, Social Europe Journal, 01 Σεπτεμβρίου.

 

Writing about the recent French government crisis in the New York Times, Paul Krugman raised some uncomfortable questions. He worried about the ongoing dominance of austerity illogic on this side of the Atlantic and what this says about public discourse and the effectiveness of progressive forces. He criticised the UK Labour Party for its unwillingness to challenge the Cameron/Osborne core premise of austerity and there is no shortage of other European examples he could have quoted. So why are European progressives not breaking out of the austerity framework, even though there is so much evidence by now that it simply does not work?

 

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