Friday, March 15, 2013

All economists can retire

Herman Van Rompuy says that the EU leaders have it all figured out --

On the question "where does growth come from", the answer was: confidence, credit and competitiveness.

Paul Krugman will love that first of Herman's 3 Cs.

UPDATE: it seems that Van Rompuy got the 3 Cs from a slightly more nuanced presentation of Mario Draghi.