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Best explanation of what's really behind austerity.


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On the wider Austerity question - the Beeb again

Argentina is in the middle of a pro-market economic reform programme, as Mr Macri seeks to reverse years of protectionism and high government spending under his predecessor, Cristina Fernandez de Kirchner.

He faces rising political opposition due to concerns about austerity measures.

The combination of government cuts and raised interest rates (yup, 60% from 40% earlier this year) - that really has got to hurt.

... political turmoil should surely be expected?

Regardless on how it is expressed, "austerity" (or stuff like it) has never been famous for even handed-ness ... 

Edited by Aidan Ap Word
Copy in rest of quote I meant.
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