The economic malaise of the Eurozone and particularly of Greece – that has eclipsed that of the United States in the 1930’s – is the direct result of deliberate policy by EU elites, said Lord Mervyn King. The former Governor of the Bank of England (2003-2013) made the claim in the presentation of his new book The End of Alchemy on Tuesday, March 1st.
Interest Rates trap
Lord King’s main argument is that a common interest rate has triggered a loss of competitiveness along southern...
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