HSBC’s chief economist Stephen King: "I am intrigued at the moment that the youth are quite peaceful, and I wonder whether that might change. It is very difficult to predict but youth movements might become more focused on their own rights rather than the economy." telegraph.co.uk/finance/economics/10170101/Europes-rich-could-face-uprising-similar-to-Peasants-Revolt.html Hans-Joachim Voth & Jacopo Ponticelli - Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009: "Expenditure cuts carry a significant risk of increasing the frequency of riots, anti-government demonstrations, general strikes, political assassinations, and attempts at revolutionary overthrow of the established order. While these are low-probability events in normal years, they become much more common as austerity measures are implemented." voxeu.org/epubs/cepr-dps/austerity-and-anarchy-budget-cuts-and-social-unrest-europe-1919-2009
Posted on: Wed, 10 Jul 2013 07:28:17 +0000
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