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Submitted by martin on Sun, 12/09/2010 - 08:49

A new report by Research on Money and Finance (RMF), a network of political economists, censures the orthodox analysis which prescribes austerity as the solution to Europe's crisis. The report analyses the debt profiles of Spain, Portugal and Greece, and finds that austerity will worsen income distribution, further shift the balance of power against labour, and fail to solve the Eurozone's underlying structural problems.

Eurozone Between Austerity and Default.

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