May 15 - Protests, assassination attempts, erroneous predictions and stinging criticisms…is the tide turning against austerity? Amy Gardner reports.
▲ Hide Transcript
▶ View Transcript
Austerity is it time to -- touts the cutting back. It didn't seem such about it to this. Yes it's too much and now it was time to tighten up bouts. But people -- got sick this brand name was sluggish great thing is based questions I have a weapon -- debts -- reading revive ailing economies. I haven't onetime pace a tougher austerity does not a fast but then the Celtic tiger gets the coat and speculations that said. Protests break out across Southern Europe and benefit cuts and wage freezes kill puppet -- Soup kitchens they've been as unemployment solos. Recent hopes the talks with the rest of that about votes out of flat. And discontent -- to show at the polls in France Francois along gets elected on it until stairs he ticket. While Italians Tyrus technocrat Mario Monti. Almost opting for the light relief legislation is comedian instead. Then something snaps politicians get -- -- An assassination attempts and it's these new prime minister and agreed to let that -- jobless -- him his name on deprivation. It's revealed that Brian haunts him broke off the economist he set a punch his great slow news when it's public debt equals 90%. Of its GDP. Got messed up there excel calculations. Corrected and that prediction jumps from milk -- 1% contraction. To tip 20% GDP great. Spain announces -- unable to cut its deficit to 3% by 2014. And needs another team is. It's that he frogs Greece Portugal and Ivins won't go into extra time on the Internet that targets. If prosperity itself has been teasing out the pace of it sets in the is. And European Commission had his memoir but oh so close time on the policy. Meanwhile the US keeps printing money cuts. It seems to be dating back to the much of the year which just needs TV is sticking to their guns. UK finance minister George Osborne says austerity stays despite IMF warnings that he's playing with fire. And Germany years powerhouse also went back down. Even taunts the medical has popped that meant the austerity sounds a little. Destination. Could fiscal consolidation. Is that. -- -- -- --
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code