Caixin OnlineOpinionMagazine ColumnistJean Pisani-Ferry Why America Is Better and Europe Is Worse
11.28.2012 15:55

Why America Is Better and Europe Is Worse

The United States focused on the private sector following the Great Recession, but Europe's repair efforts were aimed at the public, leaving it in a quandary
By Jean Pisani-Ferry

"Better here, worse there." This is how Paul Krugman, the Princeton economist and blogger, recently summarised diverging transatlantic fates. Knowing that back in 2008, European politicians and commentators lambasted the United States for being at the origin of the financial turmoil and hailed the euro for protecting us from it, this is a shocking observation. 

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