Robert Reich: "Who's an economy for?"

That's the question UC Berkeley Chancellor Professor of Public Policy asks to lead off this blog piece about Europe's weekend elections

"Voters in France and Greece have made it clear it’s not for the bond traders."

Reich looks at the wide-ranging effects this weekend's elections could have on other European countries and some possible affects here at home.

Krugman: "Revolting" Europeans

Paul Krugman's Op-Ed piece in the New York Times today looks at the failure of Europe's leaders to address their unemployment and other economic woes, opting instead to rely on austerity measures to restore "confidence" in the markets.

"What’s wrong with the prescription of spending cuts as the remedy for Europe’s ills? One answer is that the confidence fairy doesn’t exist — that is, claims that slashing government spending would somehow encourage consumers and businesses to spend more have been overwhelmingly refuted by the experience of the past two years. So spending cuts in a depressed economy just make the depression deeper."

Krugman has been harping on Europe's economic problems for some time now, and it seems the voters in many European countries are taking notice and "revolting." You can read the entire article here.