Nobel prize winners: Eurozone recovery is ‘dismal failure’

Nobel prize winners: Eurozone recovery is ‘dismal failure’

“Stunningly destructive” and “dismal failure” is how Nobel laureates describe growth in the European Union after destructive austerity policies and the euro crisis.

Economists are casting doubt on the effectiveness of monetary policy in the 18-member eurozone, which is yet to fully shake off recession and produce sustained growth.

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