This Special Report from the Heritage Foundation has been prepared by 11 renowned economists, including Miguel Marín. It report examines not just what the governments in Europe and elsewhere said, but what they actually did, with precise technical descriptions and analysis. Some reduced spending, others increased taxes, and some pursued a combination of the two to right their fiscal imbalance. Interestingly, the data reveal that the governments did not always follow through with their plans as originally envisioned.
