Can anyone explain what is going on in Europe ? and whether Austerity is good or bad ?
If austerity means deficit and debt reduction, then it should be good, but then why do people oppose it ?
Are they brainwashed ?
IF so, how do they want to solve this crisis - by spending more money ? taking on more debt ?
The current leader in France's Presidential election, the socialist Hollande, does not want austerity. he wants to focus on "growth" ?
Netherlands govt just resigned because they cant have austerity.