A Grim View On The Outlook In Europe

Tim Duy usually focuses his comments on the US and the policy's of the Fed. In this post he turns his attention to Europe.  Austerity has only made things worse for the troubled economies on the periphery and core economies in France and Germany have not been doing well either.  Europe seems to be committed to bad economic policies that are not working, and their leaders don't seem to have any alternatives to the failed policies.  Currency devaluation is not available to the struggling economies and structural reforms have not worked economically, or politically, in the at risk economies.