Referendum on the Austerity Pact

Tom Healy: With at least one Referendum on the Austerity Pact imminent over the coming months one looks forward in hope to a debate that will draw on values, facts, evidence and reasoned analysis. We can look forward to discussions on cyclically adjusted current balance. Macroeconomics may yet flourish. It would be interesting to hear from at least one macroeconomist anywhere who thinks that the Pact makes economic sense. The debate will be, rather, about choices and options.