The New Philosophers
At a recent meeting of G-20 finance ministers, US Treasury Secretary Jack Lew discussed “philosophical differences with some of our friends in Europe” before urging Europeans to do more to boost growth. His reference to philosophy gets to the heart of why Europe is finding it so difficult to escape from its current malaise.
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PRINCETON – At the recent meeting of G-20 finance ministers in Australia, US Treasury Secretary Jack Lew noted “philosophical differences with some of our friends in Europe,” before urging Europeans to do more to boost their anemic growth rate. The terminology is striking, and underscores the difficulty of Europe’s search for a way out of its current malaise.