The Guardian: Eurozone will not be saved by logic, however remorseless

The arguments for greater fiscal union may be lost on electorates of eurozone … A refresher course on why economic policy had to be relaxed in the face of the 2007-8 financial crisis is contained in a new paper from the economist Bill Martin (Is the British Economy Supply Constrained? A Critique of Productivity Pessimism., Centre for Business Research, University of Cambridge).

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