Europe Facing More Pressure to Reconsider Cuts as a Cure

26/04/2013

Pervenche Berès, Socialist chairwoman of the Employment and Social Affairs Committee, is skeptical that signs of greater flexibility will result in a dramatic change of policy. “They still want to kill Keynes,” she said, referring to the British economist John Maynard Keynes, who believed that fiscal stimulus, not contraction, is sometimes the best solution to crisis. “They always make minimal changes at the very last minute when they have no choice,” she added.

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