Governments across Europe have instituted austerity measures in an attempt to cut budget deficits which ballooned after the financial crisis. Are they right to do this at a time when the European economic recovery is acknowledged as being fragile?

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter20: Exchange Rates And The Macroeconomy
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Governments across Europe have instituted austerity measures in an attempt to cut budget deficits which ballooned after the financial crisis. Are they right to do this at a time when the European economic recovery is acknowledged as being fragile?
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