When the crisis struck, the 3% deficit target became the focal point for unrelenting austerity – a form of what anthropologist Clifford Geertz described as “involution,” which occurs when a process intensifies rather than changes in response to external or internal pressure.
Et l’idée selon laquelle la croissance économique serait la panacée budgétaire a entrainé des prévisions optimistes de PIB totalement irréalistes.