Recently, economists from the Paris-based economic institute OFCE, published an article on the results of their economic analysis of the New Fiscal Treaty, using a kind of Keynesian simulation model for 4 EU countries, with which they analysed the economic implications of the new fiscal rules of this Treaty for the next 20 years. The economic consequences are recessions, long-term deflation and chronic stagnation.“The EU as a whole will not survive this”, said prof.dr. Jozef Mencinger during a Euroconference meeting in Vienna in 2011.
EAPN
The European Anti-Poverty Network
