Economy too important to be left to economists.

Referring to the ongoing debate within the economist community about austerity the article is favoring a more political stance based in real consequences of the adopted policies in E.U. and the U.S. Accusing that “During the past couple of years politicians have prized credibility with markets above real economic performance” he acknowledges a shift even of the German position supporting more reforms than austerity that in his view open the way to a new deal in the continent.