Is Europe on the Verge of a Depression, or a Great Inflation?

Johnson, Simon.

The news from Europe, particularly from within the euro zone, seems all bad. Interest rates on Italian government debt continue to rise. Attempts to put together a “rescue package” at the pan-European level repeatedly fall behind events. And the lack of leadership from Germany and France is palpable – where is the vision or the clarity of thought we would have had from Charles de Gaulle or Konrad Adenauer?

Πηγή: The New York Times

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