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Writes Bill Mitchell here:
The Financial Times claims that if the European Commission (and the Finance Ministers) were to accept Italy’s new fiscal plan they:
… would be condoning truculent behaviour and economically misguided objectives.
And that is why the Eurozone is so dysfunctional. Truculence is now defined in terms of trying to grow an economy that is already around 6 per cent smaller than it was 10 years ago.
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