Paul Krugman discusses the political and economic situation in Italy following the resignation of Mario Monti as prime minister. He critiques the austerity measures imposed by European officials, arguing that they have failed to revive economies and have instead led to increased unemployment and economic downturns. Krugman highlights the rise of unconventional political figures like Beppe Grillo and the potential destabilization of Europe due to these policies.
documents/EFTA00611899.pdf
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