Many European governments are currently considering or have already implemented so called austerity measures.
is not exception and the current government has announced its will to implement ‘necessary adjustments’. France
The current crisis’ impact on fiscal budgets is thereby used to justify significant cuts in several parts of the public sector and the welfare state. These cuts are necessary, we are told, to restore credibility. It is hard however not to see in these attempts a mere pretext used to advance already familiar ideological agendas of the political right. What, if anything, in the current crisis warrants this emerging dogma? Using the case of
, I argue that there is a confusion between the symptoms (fiscal deficits and debt) and the cause (economic crisis), addressing the former instead of the former is likely to aggravate the problem France