Do you remember the ‘three wise men’ of the EU, Van Rompuy, Barroso and Schulz, celebrating their receipt of the Nobel Peace Prize in Oslo in December 2013? This looks like an example of toxic politics! Have they thought of new challenges to solve the European problem of high unemployment?
“Politicians keep throwing money to support weaker nations’ debt problems, they never talk about restoring growth”The above statement comes from Roger Bootle in Fortune Magazine, dated 8th October, 2012. Why should we listen to him, you may ask, as we read so much from so many economists, daily, about the problems across Europe? For two main reasons: Roger Bootle predicted the downturn of the 2002 dotcom bubble back in 1999, and the worldwide financial crash in 2007 back in 2003!