Monday, May 7, 2012

How Will Europe Respond To The French And Greek Election Results?

Unlike many commentators, Paul Krugman argues that the elections in France and Greece is more likely to save the euro rather than threaten the common currency.  The austerity strategy was not working as it was hoped, and the possibility for a more realistic solution, that would require the stronger economies to increase internal demand, along with a bit of inflation, is the best available solution.

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