From The New York Times: http://www.nytimes.com/2012/02/20/opinion/krugman-pain-without-gain.html?_r=1 By PAUL KRUGMAN Published: February 19, 2012 Last week the European Commission confirmed what everyone suspected: the economies it surveys are shrinking, not growing. It’s not an official recession yet, but the only real question is how deep the downturn will be. And this downturn is hitting nations that [...]
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