The Baines Report
The Eurocrisis forced Spain and Portugal, like Greece, to ask Europe for financial support. In return, by mandate from their creditors these countries implemented budget cuts and unpopular structural reforms. As a consequence of these austerity measures, one out of two young people in Spain and Greece is unemployed; in Portugal, this number is nearly […]
The prevailing monetary policy of unremitting austerity throughout Europe, being championed most notably by German Chancellor Angela Merkel, was recently put to task by some of the most important minds in international economics at a two-day conference hosted by the LBJ School. LBJ’s own Dr. James Galbraith was instrumental in organizing the conference and bringing […]