{"id":1381,"date":"2011-10-18T00:12:21","date_gmt":"2011-10-18T04:12:21","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1381"},"modified":"2011-10-18T00:12:21","modified_gmt":"2011-10-18T04:12:21","slug":"southern-europe-could-learn-from-ireland-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/18\/southern-europe-could-learn-from-ireland-wsj-com\/","title":{"rendered":"Southern Europe Could Learn From Ireland &#8211; WSJ.com"},"content":{"rendered":"<p>Efforts to cut the deficits in these [EU Mediterranean] countries are not failing because of different reasons in each nation, although there are some such. They are failing because of misguided austerity plans.<\/p>\n<p>Spending cuts and tax increases drive GDP down faster than the deficit, causing the deficit:GDP ratio to rise rather than fall. These measures are being imposed on economies with rigid labor markets, no history of entrepreneurial innovation, high taxes, and regulations that strangle their private sectors. That is not to say that the roles played by governments should not be reduced: They should. But without growth-inducing reforms, all the cutting will continue to be for naught.<\/p>\n<p>via <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052970204479504576634763636920524.html\">Southern Europe Could Learn From Ireland &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Efforts to cut the deficits in these [EU Mediterranean] countries are not failing because of different reasons in each nation, although there are some such. They are failing because of misguided austerity plans. Spending cuts and tax increases drive GDP down faster than the deficit, causing the deficit:GDP ratio to rise rather than fall. These &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/18\/southern-europe-could-learn-from-ireland-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Southern Europe Could Learn From Ireland &#8211; WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[512,962,1295,1688],"class_list":["post-1381","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-budget-deficit","tag-debt-crisis","tag-euro-zone","tag-high-tax-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Southern Europe Could Learn From Ireland - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southern Europe Could Learn From Ireland - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Efforts to cut the deficits in these [EU Mediterranean] countries are not failing because of different reasons in each nation, although there are some such. They are failing because of misguided austerity plans. Spending cuts and tax increases drive GDP down faster than the deficit, causing the deficit:GDP ratio to rise rather than fall. These &hellip; Continue reading &quot;Southern Europe Could Learn From Ireland &#8211; WSJ.com&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/18\/southern-europe-could-learn-from-ireland-wsj-com\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-10-18T04:12:21+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Southern Europe Could Learn From Ireland &#8211; WSJ.com\",\"datePublished\":\"2011-10-18T04:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/\"},\"wordCount\":129,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"budget deficit\",\"debt crisis\",\"euro-zone\",\"high tax rates\"],\"articleSection\":[\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/\",\"name\":\"Southern Europe Could Learn From Ireland - WSJ.com - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2011-10-18T04:12:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2011\\\/10\\\/18\\\/southern-europe-could-learn-from-ireland-wsj-com\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southern Europe Could Learn From Ireland &#8211; WSJ.com\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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The country sought international help in April after failing to convince investors it was doing enough to shore up its shaky finances. In exchange for a \u20ac78 billion, three-year loan, Lisbon promised the European Union and the International Monetary Fund that\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6635,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/05\/cbo-sees-rising-u-s-debt-economic-rebound-in-2014-wsj-com\/","url_meta":{"origin":1381,"position":1},"title":"CBO Sees Rising U.S. Debt, Economic Rebound in 2014 &#124; WSJ.com","author":"Colin Twiggs","date":"February 5, 2013","format":false,"excerpt":"DAMIAN PALETTA at WSJ writes: Economic growth and recent legislation have cut the federal budget deficit in half in the past four years, but federal debt will still hit historic levels if more isn't done, the Congressional Budget Office said Tuesday in the annual update of its budget and economic\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5432,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/raising-taxes-73-of-nothing-is-nothing\/","url_meta":{"origin":1381,"position":2},"title":"Raising taxes: 73% of nothing is nothing","author":"Colin Twiggs","date":"September 12, 2012","format":false,"excerpt":"President Francois Hollande recently increased the top income tax rate in France to 75 percent -- for incomes in excess of \u20ac1 million. This is part of a wider trend with President Obama targeting the wealthy in his election campaign, promising to raise taxes on incomes in excess of $1\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17246,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/10\/27\/president-trump-should-look-in-the-mirror\/","url_meta":{"origin":1381,"position":3},"title":"President Trump should look in the mirror","author":"Colin Twiggs","date":"October 27, 2018","format":false,"excerpt":"President Trump has repeatedly attacked the Fed and his recent appointee Jerome Powell for raising interest rates. In an interview with the Wall Street Journal, the President made clear his displeasure, stating that he sees the FOMC as the biggest risk to the US economy \u201cbecause I think interest rates\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6471,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/14\/labor-productivity-can-be-misleading\/","url_meta":{"origin":1381,"position":4},"title":"Labor productivity can be misleading","author":"Colin Twiggs","date":"December 14, 2012","format":false,"excerpt":"We are frequently bombarded with labor productivity statistics such as output per hour worked and unit labor costs -- normally accompanied by political hand-wringing exhorting us to improve productivity -- but how accurate are these statistics and what do they mean? First let's look at GDP per capita. This should\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2297,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/23\/david-cameron-our-plan-to-cut-debt-is-failing-telegraph\/","url_meta":{"origin":1381,"position":5},"title":"David Cameron: our plan to cut debt is failing &#8211; Telegraph","author":"ColinTwiggs","date":"November 23, 2011","format":false,"excerpt":"The Prime Minister on Monday conceded that tackling Britain\u2019s debts was \u201cproving harder than anyone envisaged\u201d, raising the prospect that the Coalition would be unable to close the deficit by 2014-15......Debt is \u201ca drag on growth\u201d, Mr Cameron told business leaders. \u201cWe are well behind where we need to be,\u201d\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=1381"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1381\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}