Questions and Topics We Can Help You To Answer 

Modules 30-32 of the textbook talk about fiscal policy. In 2010-12 the European Economic Union imposed austerity measures in Greece in exchange for helping with its domestic budget crises. Greece, along with other European nations raised taxes and cut spending to reduce government debt. Some argue this has pushed the EU into a record recession. Meanwhile, it is not clear whether the austerity measures are having the desired impact. Read these articles for background:
http://www.cbsnews.com/news/austerity-measures-force-eu-into-record-recession/
http://money.cnn.com/2014/04/23/news/economy/europe-debt/

Write a short essay (no longer than 1 page) explaining 
1)    Why large government debts in the face of a recession cause a policy dilemma
2)    How austerity measures in a short run might harm an economy, including increasing the current deficit,
3)    How austerity measures could have beneficial longer term effects on the economy