Saturday, May 22, 2010

"Payback Time - Deficit Crisis Threatens Ample Benefits of European Life" - NYTimes.com

I think we are going to see huge tumult in European countries before these reforms are adopted, and likely will imperil their adoption. It is very hard to imagine how we get from here to there in France or anywhere else. I think the reporting of the situation is not reaching the right people and is not giving us a clear picture of the situation.

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