Krugman, Paul.
In today’s Business Insider, Joe Weisenthal reports on Europe’s truly dismal PMIs (survey-based indexes that act as early-warning indicators for official economic data). There’s no doubt at all that the continent is falling deeper into recession, even in the core countries. And reading this news reminds me of something I’ve been meaning to write – namely, that discussions of Europe’s troubles, and the debate over austerity, often suffer from a tendency to blur two somewhat different issues
Πηγή: The New York Times