Archive for July 2011
Debt ceiling talks: dysfunctional political class on display
There are two economic crises roiling the markets: the Eurozone rescue and the US debt ceiling negotiations. Although ostensibly economic in nature, both are essentially political crises as well. Of the two, it is more understandable why the European nations face difficulties: the Eurozone is a monetary union, not a fiscal or political union, and there are the […]
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