Joblessness as a result of crap planning

This from the Atlantic Review...

Compared to most countries and international organizations, the EU is something of a start-up, itself -- a brave currency experiment. For most of this crisis, its central bankers have picked low inflation and low government spending as their key metrics. Lo and behold, inflation across the EU is low and government spending has plunged. The result has been good for banks, depositors, bondholders and lenders. It has been disastrous for two other metrics that you might consider equally important: jobs and growth.

Short-term thinking from a chancellor who has never had to earn his living...


Posted 3:44 PM | Permalink

TAGS: ecoomy, uk, cock-up