In a front page, New York Times story on August 30, 2014, Summer’s says, “Europe is at risk of secular stagnation.” He added, “There is little chance that reasonable and rapid growth is going to return to the Eurozone.” The article concluded, “A greatly diminished Europe will mean that the US will increasingly lack its best partners.”
Divisions grow as a Downturn Rock Europe. Read the full New York Times story here: