A tomorrow no worse than today
Austerity policies are needed to save Europe’s key economies from steep decline, but citizens need to see a vision for the future
Appeared in print on 22.11.2012
The sight of millions of demonstrators in the streets of 23 European Union countries last week calling for an end to austerity was sad and depressing. Sad, because their placards and chanting told of real suffering and hardship inflicted by economic recession, unemployment and public spending cuts. Depressing, because it suggests that there is still too little public understanding that austerity is written long into Europe’s future. Instead of demanding a reversal of present policies, the demonstrators should be insisting on greater fairness.