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  • Nostra Culpa

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    aliciawittmeyer
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    The document discusses the economic policies of austerity versus stimulus in Eastern European countries like Estonia. It notes Estonia as an example of economic recovery through austerity by lowering salaries and pensions, as well as internal devaluation, though the recovery is described as incomplete. It acknowledges criticism of the policies as overbearing and patronizing towards Eastern Europeans.

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    Libretto by Scott Diel

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    The document discusses the economic policies of austerity versus stimulus in Eastern European countries like Estonia. It notes Estonia as an example of economic recovery through austerity by lowering salaries and pensions, as well as internal devaluation, though the recovery is described as incomplete. It acknowledges criticism of the policies as overbearing and patronizing towards Eastern Europeans.

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    28K views1 page

    Nostra Culpa

    Uploaded by

    aliciawittmeyer
    The document discusses the economic policies of austerity versus stimulus in Eastern European countries like Estonia. It notes Estonia as an example of economic recovery through austerity by lowering salaries and pensions, as well as internal devaluation, though the recovery is described as incomplete. It acknowledges criticism of the policies as overbearing and patronizing towards Eastern Europeans.

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    Nostra Culpa I. Economic triumph? A natural experiment Wonders of austerity Economic triumph? Poster child? Incomplete recovery Stimulate!

    Estonian rhapsody Austerians Stimulate! Fiscal stimulus trumps Increased public debt Devalue! II. Austerity in the wasteland Dumb & silly East Europeans Unenlightened Nostra culpa Frozen pensions Lowered salaries Internal devaluation Nostra culpa Gray apartments Just wogs Someday will understand Nostra culpa smug, overbearing & patronizing Sh*t on East Europeans Chill Nostra culpa

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