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The European Farce: Part 2 — How to Grow GDP

First published in Minyaville.com http://www.minyanville.com/sectors/global-markets/articles/The-European-Farce-Part-3-How/6/12/2014/id/55270 Without a growing GDP, the size of the deficit must shrink. The EU economies have been in or nearly in recession since the financial crisis in 2009. Greece has had to be bailed out several times.  Spain, too, and in the case of Cyprus, bank depositors bore much of the cost.  Italy and Portugal are lucky they avoided such bailouts.  But, that doesn’t mean they …Read More