Policy in Perspective from The LBJ School of Public Affairs

Tag: Austerity

A Prisoner’s Dilemma: Why Spain and Portugal Won’t Support Greece

Post author By Delfina Rossi
Post date April 7, 2015
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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 […]

Tags Austerity, Economics and Trade Policy, Finance, Greece, International Development, Syriza, Yanis Varoufakis

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Can the Eurozone Be Saved? The World Should Certainly Hope So

Post author By Andy Uhler
Post date November 12, 2013
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Photo by LBJ School

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 […]

Tags A Modest Proposal, Austerity, European Crisis, EuroZone, Inequality and Instability, International Economics, James Galbraith, Merkel, New Deal, Stuart Holland