Europe's Terrible Blunder

It's as if John Maynard Keyes had never lived.  Europe's governments call for austerity and slashed spending.  It is all very reminiscent of 1925, when Chancellor of the Exchequer Winston Churchill put Britain back on the gold standard.  As in 1931, the only possible answer seems to be democratic revulsion.  In Greece, Spain, and Netherlands protests are getting the governments' attention.  In France the leading candidate sounds like a Keynesian. This commentary from the Guardian explains a lot.

http://www.guardian.co.uk/commentisfree/2012/apr/24/europe-terrible-blunder-single-currency?INTCMP=SRCH