There’s been a steady stream of recent articles claiming that austerity is dead. This one from James McCormack at Fitch argues that populist politicians are responsible for killing off pragmatic economic policy. Whilst I don’t deny the medium term tide is against austerity, the very high levels of sovereign debt... Show More
The European election result was interesting in that the centre right and centre left parties obtained more than half of the vote, but all of the momentum was with the anti-Europe and anti-austerity parties. The markets' reaction here should be reasonably muted as new members voice their concerns and demands,... Show More
This is a pretty entertaining piece on austerity and the hypocrisy from those calling for it. David Cameron has suggested that public spending should continue to be squeezed in a fundamental culture change that would leave the British public sector permanently slimmed down. What everyone is talking about though is... Show More