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CSPAN2 Book TV January 28, 2013

Two crises, and other ones, turkey, i could run on, were not valid for them. Because they were socalled developed economies. And so what i thought i would do here is just run through some of the lessons that we learned there that i think, unfortunately, shut up and looked at by the europeans. And they are only now starting to realize that they could have cut down the present negative situation because lets face it, europe as a whole, with a few exceptions, is in either a recession or stagnation. First, each country is unique. This is something they didnt want to see. Greece adding the situation by longtime mismanagement on the fiscal side and raid the banks. In the case of ireland, it was the banks the drag the sovereign is sovereign as. In the case of portugal, with some portuguese in the audience here, it was basically a decade of no growth in portugal. In the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which ha ....

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