EU austerity measures angering people: Analyst
Press TV has conducted an interview with Jack Rasmus, a professor of political economy in San Francisco, and Brent Budowsky, a columnist at The Hill from Washington, DC, about the growing poverty rate within the European Union.
Budowsky believes that the current austerity measures in Europe, such as raising the retirement age, have led to the outrage of the people.
The European governments, he says, should urgently put their conservative economic policies aside and invest their money directly in creating job opportunities for the average people. Budowsky says this policy would ultimately invigorate the economy through what is called “demand side economics.”
Rasmus, for his part, says the high rate of poverty and unemployment within the European Union well indicates that the ongoing austerity and monetary policies have failed to bear any fruit. He asserts that the main problem with the EU is that it lacks a comprehensive and integrated fiscal system.
HRM/HJL
Iran seeking ouster of US forces from West Asia region: Analyst
Foreign interference would worsen situation in Thailand-Cambodia conflict: Analyst
Early retirement of US admiral Holsey paves way for warmongering: Analyst
VIDEO | Palestinians in West Bank fear more escalation as New Year arrives
VIDEO | Pakistani MPs pay tribute to Gen. Soleimani on his martyrdom anniversary
VIDEO | Artisans in India’s Rajasthan keep Indo-Persian legacy alive
Muslim states slam Israel for hindering aid to Gaza
NYC Mayor Mamdani vows to govern ‘audaciously’, revokes Israel-related orders
Haj Qassem and Haj Ramazan: A brotherly bond forged on the frontlines
Islamophobia surged since Bondi mass shooting: Australian official
Araghchi says Iran’s armed forces ready to respond, following Trump’s ‘reckless’ threat
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
