Istorija ir Andrius Kubilius

Mūsų ir kitų sumažinusių valstybės išlaidavimą pernelyg anksti Europos šalių ekonomika skursta. Istorikai žino, kad sumažinti valstybės išlaidas galima pernelyg anksti [1].


1._That stands in stark contrast to most successful bouts of debt reduction. The McKinsey report pores over two episodes that it considers most relevant for today: the experiences of Sweden and Finland following their banking busts in the early 1990s. Debt reduction took place in two stages. In stage one, the private sector reduces its debts; the economy is weak and public debt soars. In stage two, growth recovers and the longer-term process of reducing government debt begins. In both these cases growth was buoyed by booming exports, a boon that seems unlikely this time. But it is telling that Sweden did not begin its budget-cutting until the economy had recovered; and that when Finland tried an early bout of austerity, this worsened its recession._

(The hangover. America is recovering from the debt bust faster than European countries. Why? Jan 21st 2012 | from the print edition The Economist)