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Economy

The great European stagnation

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Over the last 18 months, most governments across Europe have intervened in their economy more heavily than at any other time in the previous generation. The pandemic saw gargantuan levels of government spending, quantitative easing, trade restrictions, handouts, closed borders, and increasing calls for national self-sufficiency become the norm.

Regardless of one’s opinion on whether the abnormality of the last year-and-a-half warranted such intervention, a new report out this morning provide…

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