Europe’s Bitter Medicine- ▻http://www.nytimes.com/2013/04/15/opinion/europes-bitter-medicine-of-austerity.html
For more than two years, European leaders have pushed a cocktail of fiscal austerity and structural reforms on troubled countries like Portugal, Spain and Italy, promising that it will be the tonic to cure their economic and financial ailments. All the evidence shows that this bitter medicine is killing the patient.