Thursday, March 01, 2012


Just notable when a bit of truth appears.
Pension and wage cuts are reducing state spending and changes to labor rules are liberalizing the jobs market. The measures are also driving the economy deeper into a recession and fanning discontent among Greeks as unemployment has jumped to 21 percent. The economy shrank 6.8 percent last year and is set to contract for a fifth year in 2012.

So if austerity measures and job market "liberalization" are "driving the economy deeper into a recession" what exactly are they for again?

Glibertarian paradises exist all over the world. They're also not nice places.