Austerity Fail: After Massive Spending Cuts, European Countries Fail To Hit Deficit Targets

Austerity Fail: After Massive Spending Cuts, European Countries Fail To Hit Deficit Targets: European austerity has already proven a terrible failure, driving the continent as a whole back into a recession and pushing unemployment to record levels. Despite promises from leaders across Europe that reducing deficits would spur growth, that hasn’t been the case. And worse yet, the focus on austerity hasn’t even led to the deficit reduction [...]/p