Alternative Fiscal Medicine?
All advanced-country governments are still officially committed to undergoing the pain of fiscal adjustment. But how many will become exhausted before implementing their reforms in full, and succumb to the belief that there are painless alternatives?
https://prosyn.org/Fd8EijR
BRUSSELS – Forget the fiscal cliff. The real issue is the fiscal mountain. According to the International Monetary Fund, the challenge of reducing the public debt/GDP ratio to a safe level is daunting for most advanced countries.