Another Downturn in Europe
~~02/12/2013~~
~~By Sven Larson~~
~~Never bark at the big dog.~~
Last spring I published a research paper explaining how Europe’s austerity policies would take the economy from a bad crisis to a worse crisis. Recently I have specified what this next stage will look like: a permanent decline where large parts of the continent turn into an utter economic wasteland, and industrial poverty becomes the