# Is the euro in danger? **URL:** \ **Category:** Great Debates\ **Created:** [May 6, 2012, 7:44pm UTC](https://boards.straightdope.com/t/is-the-euro-in-danger/621094 "2012-05-06T19:44:31Z")\ **Posts on this page:** 2\ **Page:** 3
**Author:** ![Mijin](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/mijin/32/9369_2.png) [@Mijin](https://boards.straightdope.com/u/Mijin)\ **Post date:** [May 9, 2012, 3:34pm UTC](https://boards.straightdope.com/t/is-the-euro-in-danger/621094/41 "2012-05-09T15:34:25Z")
> [@Rune](#): > > What austerity? It appears that there have been almost no cuts to public budgets. ([Show Me the ‘Savage’ Spending Cuts in Europe, Please](http://www.nationalreview.com/corner/299233/show-me-savage-spending-cuts-europe-please-veronique-de-rugy#)) I don’t think there’s a single euro-nation that is spending less than it did pre-recession. Hmm, I’m quite skeptical of those figures. Are they including spending on paying off the debt? Because that’s the whole point of cutting spending on other areas. It’s also interesting how the OP keeps contrasting spending cuts with tax increases as though there is some kind of paradox or inconsistency there. But yeah, I live in the UK and the supposed austerity here has been token. Even during the good times many were aware that public spending had got out of control and the unions were too strong. Now more than ever drastic action must be taken but it’s politically untenable. ---
**Author:** ![Leaper](https://avatars.discourse-cdn.com/v4/letter/l/4bbf92/32.png) [@Leaper](https://boards.straightdope.com/u/Leaper)\ **Post date:** [May 14, 2012, 5:39am UTC](https://boards.straightdope.com/t/is-the-euro-in-danger/621094/42 "2012-05-14T05:39:08Z")
[Paul Krugman’s speculation on how it could go down.](http://krugman.blogs.nytimes.com/2012/05/13/eurodammerung-2/) Looks like President Romney if he’s right, but that’s another thread/forum. [Previous page](https://boards.straightdope.com/t/is-the-euro-in-danger/621094.md?page=2)