In Greece, Europe’s austerity poster child, austerity has shrunk the economy and increased the national debt … Austerity only increased inequality in Portugal. Now, after painful austerity measures that hit ordinary Portuguese and public sector workers hardest failed to reduce the deficit, Portuguese citizens are planning to rally against new tax increases … All across the EU, austerity has driven joblessness to a record high … Yet the austerians demand even more.
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