The EU must return to Fiscal Orthodoxy

Posted by Eberhard Rhein on 10/11/09

The EU Commission has just published its economic outlook for 2010/2011.It is a sobering document. The economic situation in 2010 is expected to stabilise, after a 4 percent GDP decline in 2009, the deepest Europe has ever experienced since the end of WW II.
Europe, except the new member states, must learn to get used to [...]

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