IMF reflecting on austerity cuts in Ireland

[Eastoff]

http://www.herald.ie/news/we-got-it-wrong-on-austerity-and-made-things-worse-imf-3253951.html

The International Monetary Fund (IMF) said in an academic report that it believed for every €100 of austerity through higher taxes and spending cuts -- this would impact €50 in terms of growth and unemployment.

However, the real effect meant that the austerity cut €90 to €150 out of the system

 

[MARIS61]

That Jim Phelps dude has his hand in everything.

 

[maxiep]

And you've hit the nail on the head as to why we need to curb the budget deficit now, before math forces real austerity upon us.

 

[MARIS61]

Austerity must focus at the very top to be effective.

 

[TradeNurkicNow]

Does the IMF ever do anything right?