Last week, the European economic research team with JP Morgan put out a 16-page paper on the state of play of euro area adjustment. Lack of coverage of the document "is a bit of a shame, because it’s the first public document I’ve come across where the authors are frank that the problem is not just a question of fiscal rectitude and boosting competitiveness, but that there is also an excess of democracy in some European countries that needs to be trimmed." blogs.euobserver/phillips/2013/06/07/jp-morgan-to-eurozone-periphery-get-rid-of-your-pinko-anti-fascist-constitutions/
Posted on: Mon, 17 Jun 2013 19:50:04 +0000
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