EUROPEAN CRISIS---the dilemma? Sluggish growth OR high debt----By - TopicsExpress

EUROPEAN CRISIS---the dilemma? Sluggish growth OR high debt----By Shan Saeed Europe is in real mess. Austerity advocates fail to understand that it has never worked. Higher taxes and cut in government spending are not a solution. The solution is to bring the confidence back in the economy in order to keep the ball rolling on the growth path. According to Nobel Laureate Prof late Robert Fogel who shared in Aug 2008 that Europe’s economy would become 1/ 3rd of the global economy in the next 10 years.

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