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Reform or divorce to cure euro zone malaise
Business, Joseph Stiglitz, Published on 29/08/2016
» To say that the euro zone has not been performing well since the 2008 crisis is an understatement. Its member countries have done more poorly than the European Union countries outside the euro zone, and much more poorly than the United States, which was the epicentre of the crisis.
What's Holding Back the World Economy?
Business, Joseph Stiglitz, Published on 15/02/2016
» Seven years after the global financial crisis in 2008, the world economy continued to stumble in 2015. According to the UN report "World Economic Situation and Prospects 2016", the average growth rate in developed economies has declined by more than 54% since the crisis. Some 44 million people are unemployed in developed nations, about 12 million more than in 2007, while inflation has reached its lowest level since the crisis.