Europe’s Many Economic Disasters
It’s
depressing thinking about Greece these days, so let’s talk about
something else, O.K.? Let’s talk, for starters, about Finland, which
couldn’t be more different from that corrupt, irresponsible country to
the south. Finland is a model European citizen; it has honest
government, sound finances and a solid credit rating, which lets it
borrow money at incredibly low interest rates.
depressing thinking about Greece these days, so let’s talk about
something else, O.K.? Let’s talk, for starters, about Finland, which
couldn’t be more different from that corrupt, irresponsible country to
the south. Finland is a model European citizen; it has honest
government, sound finances and a solid credit rating, which lets it
borrow money at incredibly low interest rates.
It’s
also in the eighth year of a slump that has cut real gross domestic
product per capita by 10 percent and shows no sign of ending. In fact,
if it weren’t for the nightmare in southern Europe, the troubles facing the Finnish economy might well be seen as an epic disaster.
also in the eighth year of a slump that has cut real gross domestic
product per capita by 10 percent and shows no sign of ending. In fact,
if it weren’t for the nightmare in southern Europe, the troubles facing the Finnish economy might well be seen as an epic disaster.
