carcinogen


ECON WITH NEDA: New agreement insufficient resolution for Greece

During an economic crisis, Europe’s options differ from the those of the United States. Although Europe has a unified currency and independent central bank, it is not like the Federal Reserve. The Fed can supply unlimited emergency funds to governments and banks that need them. Europe’s approach—insistence on imposing austerity in exchange for bailouts—is not going to regenerate growth, especially not in Greece.