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EU tries rebooting the economy

The bloc doubles down on debt - but with new strategies for job creation, sustainability and innovation.

The debt crisis has forced Europeans to rethink social welfare, reconciling reforms with the exigencies of global competition.


THE recent freefall of the euro, untethered from the Swiss franc, underscored the dire straits of European economies mired in stagnation despite strenuous efforts for revival.

Over the four-year period from 2011 to 2014, the US economy grew 8.4 per cent, overshadowing the