Paul Krugman: How Much Better Things Are in Europe Now that the European Central Bank Is on the job: “Government debt to GDP… the 10-year interest rate… [at] the peak of the euro crisis in 2011 and a relatively recent observation…. Borrowing costs for the troubled euro countries have dropped a lot… not because austerity … Continue reading Afternoon Must-Read: Paul Krugman on How Much Better Things Are in Europe Now that the European Central Bank Is on the job