The EU Political Game of Growth Vs Austerity is Akin to Polishing the Brass on the Titanic

Tuesday, May 22, 2012
By Paul Martin

by Phoenix Capital Research
ZeroHedge.com
05/22/2012

France and other, weaker EU members have begun pushing for “growth.” This in of itself reveals how clueless the political elite in the EU are (economic growth in Europe is synonymous with living beyond one’s means and/or living off of others… the very policies that have lead to the EU Crisis).

Indeed, this shift from focusing on austerity to growth is really just a switch from one side of a coin to the other… without actually addressing the fact that the coin itself has no value as a concept.

Let me explain.

Both growth and austerity are political hot buttons that fail to address the core issues plaguing the Euro-zone. Those core issues are:

The Rest…HERE

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