Martedì, 23 Ottobre 2018

Fiscal discipline can bear political cost, warns Bonino


Rome, May 15 - Austerity alone won't pull Europe
out of the current economic crisis, Foreign Minister Emma Bonino
said Wednesday.
Speaking to the Foreign Affairs Committees of the House and
Senate, Bonino said that "not everyone understands" the harm
that austerity can do.
Fiscal discipline is important, she said, but it also bears
a steep political cost.
Critics of the spending cuts brought in by many governments
say it has played a role in dampening economic growth.

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