Austerity is kryptonite

[NewsWhore]

According to economist Guillermo Caram, the Dominican economy is on the decline and now is the time for austerity and changing the focus of public spending. Caram seemed particularly skeptical about whether the government would implement austerity measures. "Talking to the government about austerity is like talking to the devil about a crucifix," he commented. He scoffed at the idea that the DR's economy was ready to withstand the current international economic crisis.

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