“An experiment of austerity” and “blackmailing” are just a few of the many fanciful epithets employed by the members of SYRIZA and socialists to create a “syrizophrenic” picture of what is going on. However, the true reasons of and solutions for the crisis have already been known for a long time.
What was quite interesting was the reaction of the official China’s credit rating agency, Dagong, which has downgraded the US rating from A to A- due to the fact that the debt growth rate significantly outpaces that of fiscal income and GDP.
The financial crisis has been with us for six years and counting. The symptoms don’t change – growing unemployment, low or even stifled economic growth, the same ineffective measures adopted by governments and central banks.
Opponents of the austerity policy have forgotten that one of the main causes of our current problems is not saving in response to the crisis.