News & Public Affairs

An economist analyzes the European economic crisis

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Tags: recession, debt crisis, government spending, tax cuts, Reagan, Greece, Potugal, Spain, Italy

The so-called PIGS (Portugal, Italy, Greece, and Spain) countries are undergoing economic hard times. Is the solution to cut government spending? Our next guest says no- it's dangerous to cut government spending during a recession. Our Guest is Mark Weisbrot, PhD. He's co-director of the Center for Economic and policy Research in Washington, DC.