Over the past months, and more precisely from the moment that the Eurozone drafted its Fiscal Pact, to impose zero primary deficits to governments signing it, there is a growing negative criticism that such a prospect will suffocate growth.

And this criticism does not come only from neo-Keynesian or left wing economists. The main adversaries of the Eurozone's austerity programmes are well known liberals and market loving commentators with vested interests in the ideals of market supre...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now