In the past three years, a total of 12 European national governments have been dissolved, while France and Greece from the recent election proved, against the fiscal austerity movement in Europe spread.
The current unemployment rate in Europe has reached the highest level since the single monetary policy, more and more people began to doubt whether the tightening of fiscal policy is the best way to solve the debt crisis in Europe, Italy, Spain and Portugal and other countries there have been demonstrations to protest against the government cut public spending, slowing the pace of development of the European economy. Stimulate economic growth, many economists have been calling for, but this sound has been in the past few weeks to get the attention of European policy makers.
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The wave of fiscal austerity welcomed Nobel Laureate in Economics Paul Krugman on Europe. He said that European voters is the He also said that the health of the German economy is the best reason of other countries should implement the policy of economic expansion, in particular the ECB,
The European community’s opposition to the movement of fiscal austerity last Sunday night reached a climax, France and Greece, voters use their votes will be strictly enforced austerity policy of the present government a blow. In France, was elected president of the Socialist Party, François Hollande, said the victory marks In Greece, 60 percent of voters support the political parties opposed to fiscal austerity.
European Socialists and the Democratic leader Hannes Swoboda, said: phenomenon, the French far-right political party the National Front, the main Le pen is also the presidential election, unexpected high levels of support.
Svoboda said:
Even in Germany, the Social Democratic Party chairman Biot also said that the victory of the French people proved,
Where in Italy is to hold local elections, Prime Minister Monty left-wing coalition called on parliament to postpone the
Against fiscal austerity policy in Ireland has also been supported. The Irish government says it will not postpone the referendum on the EU’s Irish Deputy Prime Minister Eamon Gilmore said Hollande’s victory showed that the economic development in Europe has a new focus, but he said, to postpone the originally scheduled to be held on May 31 referendum will allow investors more at a loss. Members urge the Irish to boycott the EU adopted the
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