Estonia and Latvia: Europe's champions of austerity?
Not every European country is gasping under the straitjacket of austerity. Estonia and Latvia are both powering ahead after a period of excruciating belt-tightening. The example of Latvia is particularly stark. The small Baltic state suffered the worst recession in Europe, with a 24% drop in GDP between 2007 and 2009. Two years later its economy was the fastest growing in the EU, putting Latvia in
The Sons of Brixton
London is burning. And over four consecutive nights, the conflagration has engulfed multiple cities across the United Kingdom, including Manchester, Birmingham, Liverpool, Bristol, Nottingham, and Leeds. According to some early estimates, the total cost of the vandalism and extra police could run into the hundreds of millions of pounds. In response, British Prime Minister David Cameron has recalle
Opinion | British Fashion Victims (Published 2010)
In the spring of 2010, fiscal austerity became fashionable. I use the term advisedly: the sudden consensus among Very Serious People that everyone must balance budgets now now now wasn’t based on any kind of careful analysis. It was more like a fad, something everyone professed to believe because that was what the in-crowd was saying. And it’s a fad that has been fading lately, as evidence has acc
BBC News - Newsnight - Heseltine clashes with filmmaker Loach on fairness
Page last updated at 12:33 GMT, Thursday, 7 October 2010 13:33 UK David Cameron has claimed that a principle of fairness - defined as 'giving people what they deserve' - is at the heart of his 'big society'. Jeremy Paxman is joined by the film director Ken Loach and the former cabinet minister Lord Heseltine to debate. Broadcast on Wednesday 6 October 2010.
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