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  • Article / 10 December 2015 at 13:06 GMT

    Austerity doesn't work, except when it does

    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.
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    3y
    Clare MacCarthy Clare MacCarthy
    Great article Mads. Worryingly, the new buzzword in Dublin is "Celtic Tiger 2.0"
    And today's Irish Times says "Renting a home in Dublin now costs just €30 less...
    3y
    Mads Koefoed Mads Koefoed
    It is certainly something to keep an eye on. Looking at house prices vs. wages then affordability has gone up in recent years.
    3y
    Clare MacCarthy Clare MacCarthy
    Yes! I'll take six.