It should be clear by now that excessive, front-loaded austerity measures tend to be self-defeating, because they trigger a downward spiral of output, employment, and tax revenues. Indeed, the International Monetary Fund’s most recent report on the eurozone says as much (if cautiously).
最后，调整计划本身必须经过仔细的验证。我们应该清楚的看到，前紧后松的过度紧缩措施往往有可能弄巧成拙，因为这些措施会引发产量、就业和税收的螺旋式下降。其实，国际货币基金组织欧元区的最新报告也谨慎地表达了类似的看法。