Wednesday, September 11, 2013

Update on "When European 'Austerity' Isn't"

Back in June 2012, I wrote a post about how little actual "austerity" had happened among European governments. Most governments had increased their level of spending between 2008 and 2011, and only three governments had decreased their spending from 2007 to 2011. Now that Eurostat has the numbers from 2012, we can see how things have changed in the past year. As before, all numbers are taken unmodified from Eurostat.