Euro-Area Debt Reaches Record 85.1% of GDP as Crisis Festers
April 26, 2011 at 08:36 AM EDT
It’s hard to say from the headlines whether proactive deficit reduction measures are slowing the economies to the point where the slowing is causing their deficits to increase. However, if that is the case, continuing their deficit reduction efforts will only make things worse, to the point of forcing social upheaval. And the [...]