An NYT news story told readers that it doesn't like Europe. That is the only thing that readers can conclude from an article that said Europe is "in economic and demographic decline."
While the collapse of the housing bubbles in Europe have impaired growth, just as they have in the United States, and the drive to austerity has further slowed growth, there is no reason to believe that Europe's economy will be condemned to permanent stagnation if it gets competent people at the European...
Published on October 20, 2011 02:35