Daily Archives: December 17, 2014

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Can Europe no Longer Afford “La Dolce Vita?”

The European Union gave three of its financial miscreants (Belgium, France, and Italy) Christmas presents early—three extra months to bring their budgets in line with legal requirements. All three governments will exceed the EU’s requirement for budget deficits to not exceed three percent of GDP. The problem, however, is far more serious than a three…

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