How Get the Balance Right (Borg & Lagarde)

How to get the balance right: Fiscal policy at a time of crisis by Anders Borg and Christine Lagarde. “Last autumn was a turbulent time for Europe. The debt crisis deepened and financial markers became embroiled in turmoil, driven by fears of widespread restructuring of public debt. The crisis has harmed growth, increased unemployment, and left a large number of people less protected. We are now seeing some signs of stabilization. Most countries are reducing their deficits and even if debt rations are still rising, the return back to fiscal health has begun.”