[bruinbirdman]

Estonia enjoyed the bubble economy like rest. Public employee salaries boomed right along.

"Krugman wrote that defenders of Europe's austerity measures often point to Estonia's economic recovery to defend their policies."

This refers to the fact that when the bubble burst, Estonia wasted no time in slashing public salaries 20% - 30% back to where they were pre boom. They slashed their budget the same. This is the austerity Krugman now condemns.

yitbos

[warsaw44]

What an embarrassment you are to America, Krugman. Its one thing when the man is busy mucking around about our own business but lampooning Estonia?

Wretched little man.

God Bless and Keep you, Estonia.