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Spain Is Now Making Ireland's Mistakes

Harvard Business Review

Just like Ireland, Spain had a credit boom financed mostly with external debt, which meant that the balance sheets of their banks are now stuffed with bad debts as asset values collapse. By March 2012 unemployment was 24.1 percent and youth unemployment reached 29 percent in early 2012. So what is to be done?

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The End of Economists' Imperialism

Harvard Business Review

(Two recommendations I've gotten from Harvard government professor Dan Carpenter : Capitalizing on Crisis: The Political Origins of the Rise of Finance , by Sociologist Greta Krippner, and The New Global Rulers: The Privatization of Regulation in the World Economy , by political scientists Tim Büthe and Walter Mattli.).

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