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Doing Too Little, Too Late, to Fix Europe's Economy

Jan 15, 2015 | 10:00 GMT
The European Central Bank presents new banknotes on Jan. 13.
The European Central Bank presents new banknotes on Jan. 13.
(Hannelore Foerster/Getty Images)

Europe's most fundamental problem is low growth. Its subsidiary problems -- high unemployment and low inflation -- stem from low growth. Since resolving the core issue would also resolve the subsidiary issues, most attempts to revive the economy have focused on stimulating growth. ...

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