What Has the Eurozone Learned from the Financial Crisis?
Harvard Business Review
SEPTEMBER 28, 2018
But the real tragedy happened later: a timid recovery during 2010-11 was followed by a second recession starting in the third quarter of 2011, from which Europe did not start recovering until 2015. Yet the place where the crisis had originated, the U.S., avoided the second recession and continued its recovery. What went wrong? Fiscal policy.
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