Mises Wire

Facebook icon
LinkedIn icon
Twitter icon
A
A
Home | Wire | Austerity for Whom?

Austerity for Whom?

0 Views
Steve Hanke points out that the anti-austerity faction in the EU led by Italy,  France, and Spain is hypocritical when it claims  that "there is nothing left to cut" in their budgets.  Senior civil servants in Italy get paid over 12 times the national average salary.  In France the ratio of senior civil service pay to the national average salary  is over 6 and in Spain about 4.

Joseph Salerno is academic vice president of the Mises Institute, professor of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

Add Comment

Shield icon wire