Exact(5)
Our choice today is not "austerity" versus "no austerity".
Mr Hollande said this week that "the solution to the crisis is not austerity".
"The main factor weighing on the growth outlook is not austerity," Mr. Krämer said.
But if we swung our weight behind those – such as Christine Lagarde, the IMF's new managing director, and the Obama administration – who are saying that the short-term priority is not austerity but rather growth and jobs, we could shift the terms of the debate for the better.
The issue is not austerity, the issue is to get back to growth.
Similar(55)
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As Paul De Grauwe has been arguing for a while, what has been needed all along to calm the markets isn't austerity — which doesn't seem to help at all — but a liquidity backstop from the ECB, which works wonders.
But isn't austerity supposed to deliver punk rock and poetry?
This isn't the high-octane spending we saw just before the financial crisis, but it isn't austerity, either.
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