Stiglitz: The euro-zone austerity has caused [ tremendous harm ]( http://www.theguardian.com/business/2014/oct/01/austerity-eurozone-disaster-joseph-stiglitz ) , all of which could have been avoided. If you judge these budget cuts in terms of the supposed goals of nations' policies, they are failure. But they are very effective as an intentional [ shock (as Naomi Klein puts it) ]( https://stallman.org/archives/2013-may-aug.html#09_June_2013_(Anti-shock_doctrines) ) to transfer wealth to the plutocrats.
Ссылка: https://stallman.org/archives/2014-jul-oct.html#02_October_2014_%28Euro-zone_austerity%29