Unemployment across the EU is shockingly high, and inflation shockingly low. And they appear to be stabilising at these levels. Is a toxic equilibrium developing?
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Draghi's Jackson Hole speech is about the tragedy of long-term unemployment. He calls for fundamental reform of the Eurozone's institutional structure.
Yanis Varoufakis questions the value of ECB aid to the Greek state.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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