{"id":32775,"date":"2016-02-04T19:50:00","date_gmt":"2016-02-04T18:50:00","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=32775"},"modified":"2016-02-04T19:50:22","modified_gmt":"2016-02-04T18:50:22","slug":"32775-2","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/32775-2\/","title":{"rendered":"Does Europe Need a New Deal?"},"content":{"rendered":"

Thomas PIketty writes: \u00a0It will be important for European leaders\u2014the French and Germans in particular\u2014to acknowledge their errors. We can debate endlessly all sorts of reforms, both small and large, that ought to be carried out in various eurozone countries: changed opening hours for shops, more effective labor markets, different standards for retirement, and so on. Some of these are useful, others less so. Whatever the case, however, the failures to make such reforms are not enough to explain the sudden plunge in\u00a0GDP<\/abbr>\u00a0in the eurozone from 2011 to 2013, even as the US economy was in recovery. There can be no question now that the recovery in Europe was throttled by the attempt to cut deficits too quickly between 2011 and 2013\u2014and particularly by tax hikes that were far too sharp in France. Such application of tight budgetary rules ensured that the eurozone\u2019s\u00a0GDP<\/abbr>\u00a0still, in 2015, hasn\u2019t recovered to its 2007 levels. \u00a0A New Deal for Europe<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Thomas PIketty writes: \u00a0It will be important for European leaders\u2014the French and Germans in particular\u2014to acknowledge their errors. We can debate endlessly all sorts of reforms, both small and large, that ought to be carried out in various eurozone countries: … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-32775","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t