Last week, there was a lot of speculation concerning the Riga Summit. The general sentiment after such an important meeting as this, however, is that things will continue to move slowly. What is more, the insistence on austerity among some of the European Union member states has become dogmatic or, better yet, like a religious conviction.
But reality is remarkably against austerity.
Many European economies collapsed because of the tough stance taken by the champions of austerity and financia...


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