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Washington May Be Getting Wrong Idea From Europe’s Austerity Revolt

Europe is undergoing a massive political upheaval. You may have noticed. Caught in the wake of deep recession, painfully high unemployment, bank failures, and growing demands for fiscal austerity by the bond markets, governments across the continent are collapsing. In November, voters in Spain dumped a Socialist government for the conservatives. Last weekend in France, [...]
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Europe is undergoing a massive political upheaval. You may have noticed. Caught in the wake of deep recession, painfully high unemployment, bank failures, and growing demands for fiscal austerity by the bond markets, governments acr...

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