Austerity doesn't work except when it does

Europe's sovereign debt crisis felled a wide swathe of the continent's nations forcing them to go cap in hand to the IMF and ECB for bailouts. The consequent imposition of austerity measures caused (and still causes) much disgruntlement but despite evidence to the contrary there are still those who ague that it doesn't work.

from Mads Koefoed - Authored content https://www.tradingfloor.com/posts/austerity-doesnt-work-except-when-it-does-6721530?utm_medium=tf4-feed&utm_source=extract