En Europe, des voix s’élèvent pour que l’austérité soit accompagnée par une stimulation de l’économie

In Europe, Arguing to Apply Some Stimulus Along With the Austerity

[The New York Times]

With much of Europe embarked on a program of budget-cutting and belt-tightening, doubts about whether more austerity is the answer to today’s economic troubles are popping up in the strangest places. On a concrete wall in Oporto, Portugal, where a tough austerity effort has hit hard, a somber graffiti mural depicts a submarine in a nose dive. “Austerity doesn’t save,” the caption warns. “It sinks.” As Western countries grapple with lingering economic malaise, even some traditionalists within the policy-making fraternity are starting to worry that such slogans might be right.
But as a phalanx of politicians, academics and other experts gathers this week at the World Economic Forum in Davos, Switzerland, perhaps the biggest question they will face is whether it is possible to develop policies to revive growth even as Western countries seek to reduce debt.
Lire : nytimes.com