Woe is Europe

posted by
November 28, 2011
The American Prospect
by Yannis Palaiologos  
Posted in Commentary, PND Commentary

"Aiming for smaller deficits and implementing some structural reforms to liberalize labor and product markets, increase research and development, and streamline procedures for foreign investment is a good idea. But stringent austerity, at a time when the Eurozone’s economic outlook is rapidly deteriorating, stymies growth and makes a bad debt situation worse." [editor's note: A generally good overview of the economic challenges being faced all across Europe - SAT] (11/28/11)


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