Primary fiscal balances have strengthened significantly; and countries are funding themselves much more in local currency on attractive terms. (newyorkfed.org)
Here's the problem: To focus the argument against «Austerian» advocates of fiscal balance, Mr. Krugman hopes that economists will stop distracting attention by talking about what he deems not necessary. (michael-hudson.com)
He made the same case in the pages of the Daily News and in a post on the Huffington Post, challenging labor unions to step up and sacrifice on order to help him restore fiscal balance to the state. (politico.com)