It was only with the crisis that debt soared.
Yet many Europeans in key positions - especially politicians and officials in Germany, but also the leadership of the European Central Bank and opinion leaders throughout the world of finance and banking - are deeply committed to the Big Delusion, and no amount of contrary evidence will shake them. As a result, the problem of dealing with the crisis is often couched in moral terms: nations are in trouble because they have sinned, and they must redeem themselves through suffering.
And that's a very bad way to approach the actual problems Europe faces.
No vale la pena tener una reforma si se obtiene haciendo tantas concesiones que acaban por condenarla al fracaso.
Paul Krugman« prima precedente
Pagina 3 di 3.
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