European Elections

Greece and France are undergoing elections right now. The voters state that austerity measures will actually in fact do the opposite of helping the economy. Austerity measures is a policy of deficit cuts by lowering spending often through a reduction in the amount of benefits and public services. This in fact will not help the economy. It will lower the income of the economy and lower the capital value of the economy. If they were to cut spending on services then that will make the economy contract and lose money in the long run. Especially for Greece this will in fact not help the economy debt crisis If they default this will cause a ripple effect on other countries around the world. This "solution" would really not benefit the European Union, but especially these two countries due to the debt and trouble they are in. France cannot afford this risk because of the controversy about their human rights already. This would just add more fuel to the fire because this would be taking away more rights for their citizens. If they were to accept these austerity measures it could cause a catastrophic effect, so bad it could cause the euro zone to fail.