They seem to have finally realized that their brand of economics doesn't work as well as ours.
Sigh -- More tax cuts for the wealthy. < /sarcasm>
I'm waiting for the protests and strikes that will inevitably follow the subsequent cuts in social benefits.
One of my favorite Exchange Traded Funds, (ETF), is EWO, the index fund for Austria.
Two years ago Austria started doing what Reagan and GW did with taxes.
Austria has been very successful, and we don't read about it from the socialists in Europe.
The link below takes freepers to a chart for EWO to see how reducing taxes impacted the stocks of that country.
http://finance.yahoo.com/q/bc?s=EWO&t=2y
Too little, too late. They are locked into Socialism, even though they are now starting to regret it. There is no escape for them now.
Austrian School of Economics