LoL... an irishman's austerity loving opinion... Just LOL
My preference is for a balanced budget, if they've to painfully and surgically remove all the bullshit spending so be it, scars heal.
Why does nobody want their Govt to stick to what it takes in?
Our revenues are within 4% of what we spend now, down from 16% in 2008/2009 and we're experiencing the same growth as the rest of you.
Seems our way works, doesn't it?
We borrowed our money primarily from the rest of Europe, so they need us to pay it back.
Cyprus has exposure to Greece and didnt borrow a huge amount from the rest of Europe...do you understand why they're being screwed?
Its still totally wrong, but the Cypriot Govt agreed to it, they are representative of their nation, no?