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European Spring: Why Our Economies and Politics are in a Mess - and How to Put Them Right Kindle Edition
- ASIN : B00J5KN972
- Publisher : CB Creative Books (24 April 2014)
- Language : English
- File size : 1352 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 484 pages
- Best Sellers Rank: 1,559,902 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
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For those of us who are sceptical about the case for austerity following the 2008 financial crisis there is plenty of ammunition here. Mr Legrain tells us how the Conversative-led Government hitched the UK to the austerity bandwagon which had started up in the eurozone and is in no doubt that this was unnecessary and economically damaging for us. There is plenty of data about UK and eurozone economic growth after 2008 comparing unfavourably with the US which did not go down the austerity route but followed a fiscal stimulus path instead. Also he provides strong evidence that the UK would have had a stronger recovery and be in a better position now had austerity not been pursued so religiously.
The chapter about Germany not being a good role model for the rest of Europe is particularly interesting. The image of Germany shared by many people including myself is certainly not the one of economic immiseration and decaying infrastructure portrayed here. The description of German wage levels being kept artificially low resulting in a drag on their economy came as a surprise to me.
Overall I would recommend this book as useful background reading for anyone who is still not sure which way to vote in the forthcoming EU referendum in the UK.
However, the book seems to have been published without troubling the editor as it is about twice as long as it need be and the second section, on "solutions", is a kind of projectile vomit of "all the ideas I've ever had". They come thick and fast, resulting in this reader loosing the will to live as solution follows solution, an ill-digested regurgitation of everything he's previously written.
Some stylistic editing would have been beneficial, as his use of the term "worse" to start a sentence becomes, well, "worse" as the book proceeds.
It could have been an excellent contribution, but spoiled by wordiness and some idiosyncratic notions and prejudices. Worse, too many of his ideas and opinions are presented uncritically.
Despite these reservations, worth a read.