California's lesson for the euro

Henning, C. Randall
July 2012
Prospect;Jul2012, Issue 196, p14
The author offers insight on the impact of the euro crisis on California's economy. Despite the declining economy of the state, the author states that hope for such a bailout is hardly detectable on the side of the U.S. federal government. He also comments on the large budget deficit of the state in 2012 and dysfunctional politics.


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