Eight years have passed since the financial crisis of 2008 and many European countries, including the Netherlands, have only just surpassed their pre-crisis GDP level. The image of a waving line representing an economy going down and back up again in cycles is one of the most elementary concepts of economics; yet recent recovery has
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We thought the crisis was fading out. We thought we had suppressed a financial crisis, a global economic crisis, a debt crisis and a Eurozone crisis. After all, economic growth rates were starting to increase, world trade starting to recover and unemployment rates starting to fall. But November 2013 Lawrence Summers made it very clear
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