Paul Krugman

@paulkrugman ↗

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Last Checked June 5, 2020

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Sun Apr 14 12:48:02 +0000 2019

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Paul Krugman @paulkrugman

The other half is the enduring effects of the euro crisis -- burst Spanish housing bubble, forced austerity in S. Europe, etc. But Germany's unforced fiscal tightening is key – also to why Europe more fragile than US 2/ — PolitiTweet.org

Posted April 14, 2019 Hibernated

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Paul Krugman @paulkrugman

Yes! Why does the eurozone need negative interest rates now despite a large external surplus, when pre-crisis it seemed able to achieve full employment much more easily? Rough estimate suggests that the German move toward austerity is around 1/2 the story 1/ — PolitiTweet.org

One really cannot return to this graph of Eurozone fiscal tightening after 2009 often enough. What strikes me this… https://t.co/VNGV1XAFng

Posted April 14, 2019 Hibernated

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Paul Krugman @paulkrugman

Combine that with the disastrous political effects of UK austerity, also unforced (no austerity, no Brexit); the Very Serious People of Europe basically destroyed it 3/ — PolitiTweet.org

Posted April 14, 2019 Hibernated