>The proponents of spending cuts assure us it will trigger growth as the private sector steps up.
>
>Ireland has imposed draconian cuts.
>
>Has it worked
>
>No
>
>
http://www.bbc.co.uk/news/business-11397875Did I miss something? The article seems to be mostly about fears surrounding "Subordinated" debt and lenders not having the government's backing as was previously promised. The spread between it and Germany seems to have to do with those fears and the German government stating it would would cut its supply of new bonds for the rest of the year by a quarter which then led to a rally in German government bonds.
What cuts by Ireland and where? No mention of that here in this article that I read...
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"When the debate is lost, slander becomes the tool of the loser." - Socrates
Vita contingit, Vive cum eo. (Life Happens, Live With it.)
"Life is not measured by the number of breaths we take, but by the moments that take our breath away." -- author unknown
"De omnibus dubitandum"
