The Economist has opposed austerity in times of recession after the crisis of 2008. Mainly, because as all the articles written about Europe reflect, these measures risk pushing a country further into more trouble.
How can The Economist advise Germany that "... Obsessing about a balanced budget in the teeth of recession is risky" (http://www.economist.com/news/leaders/21625784-german-government-should-invest-money-infrastructure-not-worry-about-balancing-its), while asking the Greeks to accept the terms of the Troika (i.e. more austerity)?
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The Economist has opposed austerity in times of recession after the crisis of 2008. Mainly, because as all the articles written about Europe reflect, these measures risk pushing a country further into more trouble. How can The Economist advise Germany that "... Obsessing about a balanced budget in the teeth of recession is risky" (http://www.economist.com/news/leaders/21625784-german-government-should-invest-money-infrastructure-not-worry-about-balancing-its), while asking the Greeks to accept the terms of the Troika (i.e. more austerity)?
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