Just out of curiosity, what exactly do the austerian fanboiz here have in mind as a successful, positive outcome of austerity for the nations in the current Eurozone?
This is addressed to the pro-austerity mob on here who usually avoid direct difficult questions like vampires avoid sunbathing.
We all know that some time between now and the year 2299 there will be another economic recovery in the zone, with low inflation and full employment.
The question is: how long will we have to wait before inflation, employment and deficits are at acceptable levels, under a continued austerity regime?
If austerity goes on for fifty years without bringing in full employment and low inflation, then we can all agree that in that scenario, austerity is a dismal failure. Are we agreed on that much? If you can't commit to that, you really aren't being honest, are you?
How about five years? Will you accept that after five years of mass joblessness and periods of recession outlasting periods of weak growth, austerity can be definitively, unambiguously declared a failure?
Or it the perfection and holiness of austerity so untouchable that no mountain of economic data can ever bring its rightness into question?
If we get even five of the hundreds of p.ie austerians answering in a straight, non-evasive manner, I will be stunned.