Curtis Roosevelt: Austerity? Stimulus? Or Happiness?
Huffington Post - over 4 years
Ordinarily the words "austerity and "stimulus" are used to describe a person's character and behavior. But now the words describe two divergent rescue policies for nations stricken with economic woes as Greece, Spain, Italy, Portugal and Ireland are today. These words also symbolize certain political leaders. "Austerity" rhymes with Angela Merkel and Herbert Hoover. "Stimulus" rhymes with Franklin Roosevelt and François Hollande.
But both words can lose their meaning when used for political ends. For example, Pierre Moscovici, the French minister of finance, was adamant last month: "I reject the idea of austerity in this country." The reasons for Mr. Moscovici's severe comment are plain enough. Politics required it; France is not willing to follow Germany, especially with Chancellor Merkel so firmly wedded to austerity. Au contraire, the president of France advocates stimulus.
But in neither case is it clear exactly what the chancellor or the president mean by these term
Huffington Post article