In a perspective of sustainability the correct answer is to increase green taxes and a ceiling on the material consumption to secure that the distribution of environmental impacts is reasonably fair.
What went wrong? From the Lisbon's agenda to the awful combination of monetary stability and "structural reforms”: The self-defeating ideology of the Frankfurt-Brussels axis.
A combination of factors and mistakes has transormed a minor national crisis to a near-catastrophe spreading to the whole of Europe.The people on whom the burden of Greek adjustment unfairly falls today have every reason to show their dissent.
New American Foundation - Economic Growth Policy Paper: "The troumbling economics and politics of payng Interest on bank reserves" by Thomas Palley (April 2010).
The corruption of credit-rating agencies was at the heart of the financial collapse. So far, Congress has not had the nerve to pursue fundamental reform.
