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  • The reason given for austerity was to avoid what we’ve just seen - if the country spends more than it gets in then the international markets (whatever they are) think we’re shit and fuck us. The austerites will argue that what just happened proves they were right I expect.

    I have no opinion on this because it’s too hard for me to understand.

  • The austerites will argue that what just happened proves they were right I expect.

    Yep - they are. (E.g Rory Stewart)

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