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Austerity policies, which consist mainly of extra taxes, not only keep the European governments from finding long-term solutions to their overspending, while worsening the economic situation; they also make these government increasingly unpopular. Almost 40 years after Arthur Laffer drew his famous curve on a napkin, one wonders why European politicians keep closing their eyes to an evident truth instead of putting in place incentives for growth.
The extreme-left Greek Syriza party became the second biggest party in the country on May 6, surpassing the socialist Pasok party. Syriza has a party platform which includes "disengagement from NATO" and "termination of the military cooperation with Israel."