The Old Continent Creaks (Arthur Goldhammer) from Democracy Journal
"Austerity and the failures of the technocratic elite have created the current populist backlash. France’s experience is instructive—and, possibly, ominous."
This is something I have been saying for years: democracies cannot afford to do nothing in the face of prolonged economic hardship. European leaders are facing a double whammy here (of their own making) by PROMISING that austerity would solve something. Well, they are seven years into this economic downturn and the unemployment numbers out of the EU range from really soft to really bad.
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