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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

EU headlines

Posted by WARREN MOSLER on March 1st, 2012

Even as they work to fix the solvency issues, the austerity policies continue to work to weaken growth and increase the deficits they are trying to reduce, which sustains the solvency issues.

Euro-Region Manufacturing Output Contracts for Seventh Month

German Machine Orders Fell in January as Domestic Demand Waned

French Unemployment Rate Jumps as Economy Stalls on Euro Crisis

French Consumer Spending Drops as Job Losses, Budget Cuts Bite

Italy’s Jobless Rate Surged in January to Highest Since 2001

Monti Expects Firewall Deal This Month as Crisis Abates

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