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This is a recommended read from noted, Harvard, international macro-economist, Jeffrey Frankel. Check it out!
Has Italy Really “Gone Back Into Recession”? | Jeffrey Frankel’s Blog.
Frankel argues that Italy has been in one continuous decline since 2008.
This makes a mockery of the policies of the troika, namely the IMF, the ECB and the European Commission.
Solutions for Frankel are simple:
- Reduced austerity; and
- Supply-side reform
Thoughts?
