HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Europe's Hair-Trigger Economy. Lawrence Summers, March 18, 2013, Opinion. "Europe's economic situation is viewed with far less concern than was the case six, 12 or 18 months ago. Policymakers in Europe far prefer engaging the United States on a possible trade and investment agreement to more discussion on financial stability and growth. However, misplaced confidence can be dangerous if it reduces pressure for necessary policy adjustments. There is a striking difference between financial crises in memory and as they actually play out. In memory, they are a concatenation of disasters. As they play out..."