"History is a wonderful thing, if only it was true"

Sunday, November 07, 2010

Long term problems

Europe's economy: Pushed to the breaking point | The Economist:

"Something clearly has to give. Policy changes are pushing Europe toward a very long period of stagnation if not an outright return to recession. Workers are underemployed and furious. Core and periphery have seriously diverging views on the direction policy should take. And markets continue to pressure indebted nations to make cuts they may not actually be able to make."

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