The WSJ has an excellent Page One article this morning about Europe, and the hard choices Europeans have to make. Creating the EU free trade zone and adopting a common currency was meant to make the Euro zone a global economic powerhouse, but now that the Euro is ten years old, many economists believe that Europe faces a future of economic stagnation unless member countries decide to ditch old safety nets designed to protect the poor and unemployed in favor of more open-market liberalism. Failure to do so, they warn, will lead to even more economic pain ahead for Europeans.
Europe’s Choice: Growth or Safety Net - WSJ.com
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