From Austerity to Neo-Keynesianism: the EU’s U-Turn

An EU commissioner’s recent acknowledgment that the imposition of austerity had been a ‘mistake’ passed by with relatively little fanfare.

An EU commissioner’s recent acknowledgment that the imposition of austerity had been a ‘mistake’ passed by with relatively little fanfare. Not very long ago, the European Union’s official line was that opposition to austerity was delusional, the product of anti-European sentiment that refused to face up to difficult but necessary choices