N’en déplaise aux keynésiens, l’austérité économique peut fonctionner:

Austérité

Pour la Grèce, les taux explosent alors que du côté de l’Irlande on est presque revenu au niveau d’avant la crise.

Lors du dernier trimestre, malgré la crise qui secoue l’Union Européenne, le PIB irlandais a cru de 1,6% et la demande intérieur a progressé de 0,8%.

Voici ce que disait Paul Krugman du plan d’austérité irlandais le 29 juin 2010: « That’s why the Irish debacle is so important. All that savage austerity was supposed to bring rewards; the conventional wisdom that this would happen is so strong that one often reads news reports claiming that it has, in fact, happened, that Ireland’s resolve has impressed and reassured the financial markets. But the reality is that nothing of the sort has taken place: virtuous, suffering Ireland is gaining nothing. Of course, I know what will happen next: we’ll hear that the Irish just aren’t doing enough, and must do more. If we’ve been bleeding the patient, and he has nonetheless gotten sicker, well, we clearly need to bleed him some more. »

Source:
Bloomberg
Government Bonds