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Europe must stay the austerity course
Structural reforms are helping rebalance the economy
The eurozone is living through lean times, but there is light at the end of the tunnel

Olli Rehn, Financial Times December 10, 2012

The strategy of triple-barrelled contraction across a string of inter-linked countries has been the greatest policy debacle since the early 1930s
Like the generals of the First World War, Europe’s leaders seem determined to send wave after wave of their youth into
the barbed wire of tight money, bank deleveraging, and fiscal austerity a l’outrance.

Ambrose Evans-Pritchard, 9 Dec 2012

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