By Paul Taylor – Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent’s sovereign debt crisis. As if it were that simple.
The growth camp argues that synchronized austerity across Europe will only aggravate economic contraction, swell the ranks of the unemployed and make it harder for debt-laden countries to reduce their deficits and restore market confidence. more> http://tinyurl.com/7w2h8z6
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