Europe's public health disaster: How austerity kills - CNN.com - 0 views
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Brian G. Dowling on 14 Sep 13Fiscal policy can be a matter of life and death David Stuckler and Sanjay Basu "Then the president of Iceland took a radical step: asking the people what they wanted to do. In March 2010, 93% of the Icelandic people voted against financing a bailout for foreign savers of Icesave Bank through draconian budget cuts. Instead, Iceland stabilized healthcare spending. Thanks to this boost to the nation's universal healthcare system, no one lost access to healthcare even as the cost of imported medicines rose as an effect of the devaluation of the Icelandic Krona. There was no significant rise in suicides or depression. Nor were there any significant infectious disease outbreaks. Indeed, last year GDP growth was 2.7%, and unemployment rates have fallen below 5%. Having seen the results, the IMF turned tail, praising Iceland's successful approach."