Greek Austerity

http://alphanow.thomsonreuters.com/2012/02/austerity-measures-take-bites-out-of-the-greek-economy/

The Republican platform pundents of austerity might take note of the experiment with Greek austerity.
This real-time experimental data tell it all. A notion cannot cut infrastructure enough to recover from over indetedness with a stagnent economy. The only solution is productivity and growth. That growth cannot happen with deflation.