Monday, 28 April 2014

Two posts on Greece

My last two Forbes posts are about the effects of austerity in the Eurozone periphery, and in particular Greece.

"Austerity and suicide: the case of Greece" examines recent research that claims to prove a direct link between government spending cuts and male suicide. Sadly it fails to do so because of inadequate data, but that doesn't mean there isn't a link - and it could be quite easy to prove in a different way.

"An Economics Lesson For Professor Sinn" takes apart Hans Werner Sinn's argument that rising debt/gdp levels in the Eurozone periphery are due to the European Commission failing to enforce the fiscal compact. When the economy is falling off a cliff, as it is in Greece, the only realistic way of stabilising debt/gdp is to stop the economy collapsing.

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