PONZI AUSTERITY: A definition and an example

~ 21st Century Poet

Yanis Varoufakis

For a while now I have been arguing that Europe’s policies for reducing the public debts of fiscally stressed member-states can be described as a Ponzi austerity scheme. In this post I attempt precisely to define ‘Ponzi austerity’.

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Published by 21st Century Poet

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