?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Panic-driven+austerity+in+the+Eurozone+and+its+implications&rft.creator=Ji%2C+Y&rft.creator=Paul%2C+DG&rft.description=Eurozone+policy+seems+driven+by+market+sentiment.+This+column+argues+that+fear+and+panic+led+to+excessive%2C+and+possibly+self-defeating%2C+austerity+in+the+south+while+failing+to+induce+offsetting+stimulus+in+the+north.+The+resulting+deflation+bias+produced+the+double-dip+recession+and+perhaps+more+dire+consequences.+As+it+becomes+obvious+that+austerity+produces+unnecessary+suffering%2C+millions+may+seek+liberation+from+%E2%80%98euro+shackles%E2%80%99.&rft.publisher=Centre+for+Economic+Policy+Research+(CEPR)&rft.date=2013-02-21&rft.type=Digital+scholarly+resource&rft.language=eng&rft.source=+++https%3A%2F%2Fvoxeu.org%2Farticle%2Fpanic-driven-austerity-e...+%3Chttps%3A%2F%2Fvoxeu.org%2Farticle%2Fpanic-driven-austerity-eurozone-and-its-implications%3E+++++&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10053745%2F