Europe could be facing a Lost Decade like Japan'sEurope Faces Japan Syndrome As Credit Demand Implodes -- Ambrose Evans-Pritchard, The Telegraph
The long-feared credit crunch has mutated instead into a collapse in DEMAND for loans. Households and firms are comatose, or scared stiff, in a string of countries.
Demand for housing loans fell 70pc in Portugal, 44pc in Italy, and 42pc in the Netherlands in the first quarter of 2012. Enterprise loans fell 38pc in Italy. The survey took place in late March and early April, and therefore includes the second of Mario Draghi’s €1 trillion liquidity infusion (LTRO).
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Commentaries, Opinions, And Editorials
Europe’s gathering economic storm -- Daivd Ignatius, Washington post
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No Binary Choices for U.S. in the Middle East -- Andrew Exum, World Politics Review
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Egypt’s Chaotic Election -- New York Times editorial
Race and Violence, the European Way -- Russell A. Berman, Defining Ideas
U.S. foreign policy, close to home -- Mario Rubio, L.A. Times
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