Paul Krugman:
Coordinated Austerity: Antonia Fatas points out that there was a sharp turn to austerity on both sides of Atlantic in 2010 — which is a large factor in the weakness of economies in both places. But guess who didn’t make an equally sharp turn?... In general, everything — everything — you hear conventionally, from the legend of Irish recovery to the legend of German austerity is just not true.
