By Winnie Byanyima and Sharan Burrow
Because of austerity, Europeans may have to live through the type of disastrous period experienced by Latin Americans, Asians and Africans in the 1980s and 1990s.
Europe's aggressive plans to balance the books by slashing public spending are proving to be a disaster. By ignoring mistakes from history, Europe risks repeating them. The most vulnerable people in Europe are facing an ‘austerity winter' that could last a generation.