As austerity falters, European economists say: "Price carbon!"

Mother Jones: Turmoil over budget cuts roils Greek streets. France elects an anti-austerity president. Even Germany's Austerity Queen Angela Merkel faces electoral backlash. It appears Europeans are getting sick of tightening their belts. But when you can't cut any more, there's little else to do but hustle up more cash. For governments allergic to raising income taxes, a European Climate Foundation analysis released yesterday shows there's a less painful way to slash deficits--one that could save the planet...

URL: http://www.motherjones.com/blue-marble/2012/05/carbon-pricing-answer-europes-debt-woes
Enclosure: http://mjcdn.motherjones.com/preset_51/greek-riots.jpg