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The Something Awful Forums > Discussion > Debate & Discussion > How does austerity work
 
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Yoshi Wins
Jul 14, 2013

Heavy neutrino posted:


The real answer is that austerity's goal has nothing to do with improving an economy, and everything to do with hysterically focusing on month-to-month debt servicing, at any expense, in order to give investors time to de-leverage themselves from the country in question.

Can you expand on on this? What does "focusing on month-to-month debt servicing" mean? How does it connect to giving investors time to deleverage?

* # ¿ Jul 15, 2015 23:21
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The Something Awful Forums > Discussion > Debate & Discussion > How does austerity work