2012/09/27

Hunger on the Rise in Spain - NYTimes.com

Thanks to friend Jess Brodnax for forwarding this link: Hunger on the Rise in Spain - NYTimes.com

As I said to Jess, Yes, it's a terrible situation, and quite unnecessary. The government has accepted the Merkel/Brussels premise that more unemployment is the best way to increase employment — budget cuts for investment, public employees, etc., to reduce the deficit, which is supposed to make the economy grow again. It's an unsustainable policy. Either the euro will disintegrate (into a southern and northern euro, for example, or into many more fragments), or the policy will change, or the resistance will grow to massive to contain. Last Tuesday's police charges against demonstrators in Madrid a just a foretaste.

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