Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
He's advocating austerity in that he's saying that pain is unavoidable. In that, he's playing into the enemy's frame.

Economic pain is not unavoidable. Greek parents giving their children up to orphanages is not an unavoidable consequence of peak oil. FFS.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Carrie (migeru at eurotrib dot com) on Wed Jan 25th, 2012 at 11:34:31 AM EST
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