A Journal opinion article and address an economic issue of current

A Journal opinion and address an economic issue of accepted interest to Wall Street Journal readers - Article ExampleThis has been faced by anti- austerity protests in these countries as common citizens suffer from the harsh effects of these measures (Navarro 345). This has left people wondering whether the austerity measures ar really the way to go about the debts or whether does it just escalate the problem.Austerity measures were instituted in come out to make it manageable for the economy to recover in the long run. This comes with a major price reductions of brass spending results in increase in current unemployment rates, reduction in personal income and lowers the standard of funding of the people. This is done with the hope that when the governments are able to overcome the debt problem and boost the economy, it leave behind thus be possible to create more jobs and improve the standard of living of the people.The measures have been seen to work in several(prenominal) countries such as in Greece which has been able to achieve spending cuts of about 53% in the archetypal half of this year. Although these measures may be seen to be working direct in reducing spending their questions whether it will be possible for the countries to recover from the effect of these measures in the longrun. Experts say that the western economies have reached their peak of ontogenesis (Lynn, 345). If this is true, then it means that the economies are now on the down slope and it would not be possible for them to get back to the top. This means that the austerity measures would only make the living standards of the citizens of these countries deteriorate without any hopes for recovery. take for for instance the Greek strict measures that they have taken in the recent past. The Greek government has now announced that there will be no Christmas celebrations in this country (Anon, 230). This is based on the situation that peoples spending increases in times of celebra tion as people spend more on clothes, victuals and gifts rising the normal spending to