FRANKFURT: Europe’s sclerotic growth and political dysfunction inspire frequent comparisons with Japan’s lost decade from the mid-1990s. It’s not there yet.
The region’s bout of misery this year – Germany’s industrial slump and the struggle to fix its banks, Italy’s inability to reform, the apparent defeat of central bankers seeking to wean the eurozone off stimulus – may seem to make perpetual malaise look inevitable.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
