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After seeing the results in Greece, and after they admitted that austerity failed, how can they do the same with other countries? I fail to understand the thinking that leads to this.

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What austerity are you talking about? The governments still spend much more money than they have. When you have no money, taking a loan to buy a 60" plasma TV instead of an 80" one does not mean austerity.

Which country are you talking about? Nobody I know buys TVs any more, let alone with loans. Or are you saying the government buys TVs?

Sounds like a nice anecdote, it would be good if it corresponded with reality at all.

Yes and no. Governments are spending in bank bailouts, but there's austerity for the masses, like tax hikes and cuts in social spending.

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