3 thoughts on “New film on immigrants and austerity in Greece

  1. Stats show austerity is not working

    Monday 22 April 2013

    Austerity campaigns pursued by European countries resulted in little gain but much pain in 2012, official figures showed today.

    The year-end figures from EU statistics office Eurostat showed that a number of countries saw their borrowing rise despite the austerity medicine prescribed by international creditors that has cost millions of jobs across the zone.

    The cumulative level of government deficits fell during the year due to Germany swinging into a budget surplus, but others continued to suffer.

    Spending cuts and tax rises have helped to reduce deficits across the eurozone but its debt burden rose because economic growth has flatlined.

    Portugal’s deficit increased to 6.4 per cent of the country’s annual GDP in 2012 from 4.4 per cent the year before, while Spain’s jumped to 10.6 per cent from 9.4 per cent.

    http://www.morningstaronline.co.uk/news/content/view/full/132046

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