Raymond Gradus

Archives for public expenditure

In his last NYT column Paul Krugman discussed the current Dutch debate on austerity. According to estimates in February additional cuts of 4 billion euro (0.7% GDP) are necessary to reach the Maastricht criteria of 3% in 2014. He stated that these new deficit cuts are unnecessary and will hurt the Dutch economy furthermore. He… » read more

Posted by Raymond Gradus