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Eurozone New Business Sinks at Fastest Rate in 3 Years; Germany Composite PMI at 37-Month Low; Ass-Backwards Eurozone Policies
“Correct Approach
The correct approach is to reduce taxes and make it easier for businesses to fire workers. Logic dictates that if it’s difficult or impossible to fire workers, businesses will not hire them in the first place.
Ass-Backwards Eurozone Policies
Most countries in Europe now have ass-backwards policies in place. The silver lining in this mess is those ass-backwards policies will accelerate the breakup of the eurozone, and that is a good thing.”
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