Megan E Greene, Columnist

Dial Portugal for Proof That Austerity Is Failing: Megan Greene

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Anyone still in need of proof that austerity isn’t fixing the euro area’s debt crisis should visit Portugal.

Hundreds of thousands of Portuguese took to the streets of Lisbon to protest against economic austerity on March 2, and the only surprise is that they didn’t do so earlier. Portugal is the euro area’s clearest example of how austerity is killing the patient, with the ill effects of counterproductive fiscal retrenchment unfolding before our eyes.