Why Europe Really Must Pursue ‘Structural Reform’: Clive Crook
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Feb. 1 (Bloomberg) -- While Europe’s governments struggleto contain their debt meltdown, a big part of what’s gone wrongis easy to forget.
Through force of repetition, starting not just with thisemergency but before the single-currency experiment even began,calls for “structural reform” in the European Union have becomean empty incantation. It’s worth pausing to understand just howbadly parts of the EU still need it.