December 12, 2011
Depression and Democracy in Europe
Paul Krugman, New York Times
It is time to start calling the current situation what it is: a depression. True, it is not a full replay of the Great Depression, but that is cold comfort. Unemployment in both America and Europe remains disastrously high. Leaders and institutions are increasingly discredited. And democratic values are under siege.
TAGGED: Germany, Hungary, Austria, Finland, EU, European Union, Eurozone