Paul Krugman

American economist (born 1953)

12 stories

11 quotes

France's reliance on the euro means that it's all too easy to see how this loss of confidence could turn into an ugly crisis... We saw this movie in 2009-2012, first in Greece, then in Portugal, Spain and Italy,
  • Krugman wrote, referring to the Sovereign Debt Crisis that spurred extensive intervention by the ECB
    CNBCcnbc.com/2026/10…
I'm going to try to be objective here and acknowledge that France's current situation is really worrisome,
The fiscal pressure caused largely by France's very generous government pension plan has led to cutbacks in other spending, notably on education. France is effectively handing over large subsidies to older French at the expense of everyone else,
There’s no relief in sight for people at the gas pump,
The US is far more dependent on Canadian goods than most Americans realise.”
He didn't raise interest rates to curb the market's enthusiasm,... he waited until the bubble burst... then tried to clean up the mess afterwards."

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