觀點歐元區

Europe needs austerity and reform – not spending
緊縮無錯


德國外長韋斯特維勒:提高競爭力沒有捷徑可走,即便已選定的補救辦法是一味苦藥。歐洲國家的當務之急,是應對失業率問題、尤其是降低青年失業率。

In the wake of the elections in Italy, some people are trotting out an old theory: that it was not homegrown problems that produced this election result, but a unilateral austerity policy imposed from outside. This “austerity course”, they say, has now been rejected. Growth, according to that thinking, can be created easily through spending programmes financed by borrowing.

義大利選舉之後,有人祭出一項舊理論:當前結果的根源不是國內問題,而在於外部單方面強加的緊縮政策。他們表示,「緊縮航線」已經碰壁。按這一思路,實施借貸支持的支出計劃,便可以輕鬆實現成長。

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