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Austerity in the Eurozone is damaging economic recovery, says Kingston professor

Posted Tuesday 9 September 2014

Professor Steve Keen, head of Kingston University's school of economics, history and politics, criticises German-led Eurozone austerity measures.

Speaking on CNBC rolling news, professor Keen called for private debt to be written off in what he describes as a "modern-day debt jubilee".

He said: "If you have got the private sector paying it's debt down and you tell the government to do the same thing, you are saying 'hey guys, let's shrink the amount of money in the economy, and see if you can grow'."

Read the full story and watch the video here.