More Future Austerity
Alderman, Liz. 2010. “In Ireland, a Picture of the High Cost of Austerity.” New York Times (29 June): p. A 1.
“As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. …. Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish economy shrank 7.1 percent last year and remains in recession.”