Authors:

  • Benjamin Friedman

Excerpt

The Pathology of Europe's Debt. Benjamin Friedman, October 9, 2014, Paper. "The article focuses on debt crisis experienced by European Union countries in global financial crisis of 2008-2009. It highlights that the European Central Bank (ECB) lowered the interest rates and provided cheap loans to maintain money flows between European banks. It presents views of American economist James Tobin on the same and highlights supports given by France and Germany to governments of Portugal and Greece, allowing them to..." Link