Fiscal And Governmental Notes

In Europe, "austerity" hasn't been.   In Italy, regression is becoming the norm.  Richard Fernandez ties this and a few other strands together in a feat of curmudgeonliness. Helmut Kohl's government knew that governments like Greece and Italy were lying about meeting Maastricht criteria. Good thing Dodd-Frank will save us from all problems. California's budget…

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