
As economists, we note that the historical evidence demonstrates the futility
and dangers of imposing unsustainable debt and repayment conditions
on debtor countries; the negative impact of austerity policies on weakening economies;
and the particularly severe effects that flow on to the poorest households.
and dangers of imposing unsustainable debt and repayment conditions
on debtor countries; the negative impact of austerity policies on weakening economies;
and the particularly severe effects that flow on to the poorest households.