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S U B S C R I B E
Thursday, 3 May, 2012
Why austerity isn't working to reduce European debt
As European nations buckle under the strain of austerity budgets, many are saying it’s time to change direction and start spending. Unemployment in the Eurozone has hit a record high of 10.9 percent. But where is the money going to come from? WRS’s Pete Forster talks to Simon Evenett, a professor of international trade and economic development at St Gallen University, as well as Philip Jennings, secretary-general of the Nyon-based UNI Global Union, which represents 20 million workers around the world:
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