Austerity Fixation Threatens World Economy

Gordon Brown, Wash PostTalleyrand said of the Bourbon dynasty that ruled France both before and after that country’s revolution: “They have learned nothing and have forgotten nothing.” Today, with the same shortsightedness, Europe’s leaders stick unblinkingly to policies that the whole world can see have already failed.Having learned nothing and forgotten nothing, they have just announced yet another version of a seemingly never-ending succession of Greek rescue plans that they must surely know will not work.

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