Friday, March 11, 2011

If Europe agrees to the German/French proposals, the euro crisis will go away

From today's New York Times:

Germany is calling for several measures: raising retirement ages to reduce the burden on pension funds, ending the linking of wages to increases in the cost of living, committing to debt reduction and submitting to a level of budget scrutiny that was until recently considered anathema — and is still viewed by many as a step too far>

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