Samuelson: Don't Forsake Europe

by Benjamin Domenech on 7:02 am May 24, 2010

“The euro’s steady decline on foreign exchange markets in recent weeks suggests much skepticism that Europe can win its gamble. Even if it does, the spending cuts and tax increases will dampen already-low economic growth. Europe’s contribution to the global recovery will be meager. But if the gamble fails, much worse may lie ahead.”

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