patrick.net

Yep, and they were the least debt-ridden, most obedient to the EU deficit spending rules. More so than Germany. Germany broke more EU guidelines about spending than Spain did, by a long shot.

Austerity doesn't work. It just doesn't fucking work. I don't care what their chalkboard theory sales, reality disproved that hypothesis..

Surely a collapse in Europe would not have any affect on the U.S. economy (housing). Roflmao

thunderlips11 says

Yep, and they were the least debt-ridden, most obedient to the EU deficit spending rules. More so than Germany. Germany broke more EU guidelines about spending than Spain did, by a long shot.

Austerity doesn't work. It just doesn't fucking work. I don't care what their chalkboard theory sales, reality disproved that hypothesis..

Homo Economicus. A Legendary Creature, like Bigfoot, claimed to exist by Pseudoscientists.

You are very mistaken - austerity works very well as opposed to kicking the can down the road, but when you are that deep in debt you need to default as well, clear the bad debt and tell the euro bankstas to go fuck themselves like iceland or estonia and latvia did. Maybe you need to nationalize the banks for a while and/or prosecute the financial sector accordingly. Austerity for the enrichment of the European bureaucrats and central bankstas of course is ill-aimed.