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You may not be able to
see it, but Europe’s biggest economies have piled up enormous amounts of pension
debt. The European Central Bank’s policy of target credits and quantitative
easing has only made things worse. With politicians seemingly determined not to
notice, a systemic implosion may be inevitable.
Prince Michael of Liechtenstein
After Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far from a happy ending; in Portugal and Spain, fragile left-wing governments may want to abandon austerity and roll back reforms; France has declared a state of economic...
Dr. Michael Wohlgemuth
Prime Minister Matteo Renzi promised to turn Italy inside out, jump-start economic growth and reduce unemployment. But during almost two years in office, he has introduced only one significant economic reform, the so-called “Jobs Act.” The outcome has been mixed, and certainly below expectations. This does not mean Mr. Renzi is on the wrong track. ...
Professor Enrico Colombatto