Standard of living to go down in order to 'boost economy'

Citizens across Europe will have to suffer a decreased standard of living in order to help boost the economy, according to one industry expert.

The independent advisory stockbroking and investment service firm Killik & Co claim that a drop in the standard of living is necessary to engineer growth over a period of time.

This can either be done quickly or in a more methodical way. The latter would be the most politically palatable option to achieve the aim, but that will cost vast sums of money...Moneyextra