Austerity Debate Flares As Europe Recovery Fades
Europe’s recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do. Instead, the region is pinning its hopes — once again — on the European Central Bank, which is expected to launch new stimulus measures if the economy gets any worse. Europe’s lack of growth is looming larger and larger, however, and the ECB says it can’t save the economy alone.
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