Topic: Fiscal Consolidation

3 chapters across the catalog

Simulation Investment
Episode 391 2:39:48 - 2:45:15

391: Simulation Investment

Eurozone Debt Crisis and Fiscal Consolidation

Herman Van Rompuy, President of the European Council, addresses the Eurozone debt crisis in a vlog. He admits the problem was caused by bailing out insufficiently supervised banks and advocates for "fiscal consolidation," which the hosts interpret as the centralization of European wealth in Brussels.

Cheerleaders for Science
Episode 256 1:09:30 - 1:12:20

256: Cheerleaders for Science

Jose Manuel Barroso, Irish Wage Cuts and Defective Medical Devices

European Commission President José Manuel Barroso emphasized the need for "fiscal consolidation" and "social commitment" to preserve the European welfare state. A listener from Ireland reports that government employees have faced 25% wage cuts while public services for the elderly are being reduced. The same correspondent alleges that an American medical device company in Ireland, Lake Region Medical, is knowingly selling defective products while preparing to go public.