Amidst growing concerns about the Eurozone, widely perceived as the biggest risk for the global economy in the second half of 2012, Italy's announcement that it will now start pursuing a "mixed" debt-management strategy combining "austerity" with "growth" has produced scepticism from international policy makers. Many Europeans, meanwhile, fear that new government incentive spending might mean that sacrifices made during the course of "austerity" policies have been in vain. Will the new "mixed" approach result in a more balanced response to the crisis, or rather be confirmation of Europe's failure to convince?
Read Full Article »
