Unemployment News
Martin Feldstein: Creating a European depression
European political leaders may be about to agree to a fiscal plan which, if implemented, could push Europe into a major depression. To understand why, it is useful to compare how European countries responded to downturns in demand before and after they adopted the euro.
Consider how France, for example, would have responded in the 1990s to a substantial decline in demand for its exports. If there
Unemployment Galleries
Unemployment Videos
|
|