Tuesday, August 16, 2011

Eurozone Growth Stalled

Paul Krugman:

First we worried about one-size-fits-all policy; then it seemed that the ECB was actually engaged in one-size-fits-one, oriented entirely toward Germany; now growth in Germany and the eurozone as a whole has stalled (pdf). So now it’s one-size-fits-none.
It really is a race between America and Europe: who can make the worst of a bad situation. And both competitors are giving it their all.

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