might be a triple dip in the UK today
Osborne still clinging to his mast despite having been abandoned by the IMF and some ratings agencies and in the face of all logic considering the basis for his doctrine is a failed (possibly manipulated) piece of research
so how's austerity doing in the rest of Europe?
In Spain austerity has managed a 0.2% improvement in deficit to GDP ratio over 3 years but debt as a % of GDP has increased from 40% to 67% over the same period
Spain now has 27% unemployment - that's 6.2million people without a job
Youth unemployment is at 40%