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Greece Sovereign-Debt Crunch: A very European crisis

When we think of Greece, we think of stature, mythology and tales of Zeus and Hercules. Greece today however, is a far cry from this. A country that has lived far beyond its means for quite some time. A country that has never recovered from recession, a country where one in 10 people are without a…

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The Budget and the Deficit: An Opportunity Wasted

It all seemed clear a year ago, run up large budget deficits to make up for the huge private demand in the recession. And, when the economy recovers, switch to deficit reduction, to prevent nervous bond markets from pushing up interest rates. President, Barak Obama and his economic team wasted no time putting this into…