Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by alanpetrel on Friday April 12, 2019 @06:00PM
(#19649436)
Were austerity instructions handed down by the EU or did the individual member states decide to implement it themselves?
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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by evancox100 on Friday April 12, 2019 @06:22PM
(#19649584)
Handed down but up to countries to follow them. As the article states, Italy appears to have followed them to the letter, more so than Germany or France, but hasn't ended up in a great place.
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by presidente20 on Saturday April 13, 2019 @07:58AM
(#19652464)
Handed down. The austerity has been a condition of the bailouts from the ECB & IMF. The Greeks even voted against the terms in a referendum which was immediately overturned. In Italy the EU even went to the lengths of appointing their own man to oversee the terms: https://en.wikipedia.org/wiki/Mario_Monti#Prime_Minister_of_...