Europe Loosens Austerity Rules As Recession Deepens

Europe Loosens Austerity Rules As Recession Deepens: Europe’s recession is already the longest in its modern history, and now it’s going to get deeper. On Wednesday, the Organization for Economic Cooperation and Development (OECD) revised its eurozone growth forecast for the year from a slight contraction of 0.1 percent to a 0.6 percent slide. The OECD’s advice to the Eurozone? Avoid “reform [...]/p