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Paul Solman is reporting from Europe this week about economic woes abroad and tough choices those problems pose. This entry is cross posted on his Business Desk page.My travels have taken me to France to talk with the Finance Minister Christine Lagarde champion synchronized swimmer back when, hotshot Chicago antitrust lawyer for years, now o
stanley cup ne of President Sarkozy top operatives.Yes, I ;ll ask about the debate between austerity and stimulus that preoccupying economic policy makers in both Europe and the U.S. I ;ll even ask about her controversial message to her fellow French that they stop favoring philosophy over work: Enough thinking! Roll up your shirtsleeves. And about her blaming Alan Greenspan low interest rates and the 8220 mart crazies on Wall Street for causing the economic crisis.But this is a report on our week in Greece, ahead of the stories we ;re producing that should run soon. Loyalists might consider it a personal preview. At first glance,
stanley cup the Greek crisis is simply a matter of spending beyond one means WAY beyond. And the proximate cause is easy enough to pinpoint: the rest of Europe loaned Greece the money to do it. Why not If American banks can lend billions for implausible mortgages with no money down, just to get a sli
stanley cup ghtly higher return, why should anyone be surprised that European banks would do the same with Greek government bonds You can take the line of rhetorical Byoa The Morning Line: Deep in the Heart of Texas
Photo by Ed Jones/AFP/Getty ImagesThe European parliament voted Tuesday to ban most additives and flavorings used in cigarettes and to require warning labels to cover 65 percent of surface packaging, up from 40 percent.This decision is hitting one demographic particularly hard: Kentucky burley growers. The farmers export 43 percent of the state burley crop, which is regularly mixed with additives to make cigarettes, to Europe. But some health critics say the new tobacco regulations are not tough enough.European lawmakers voted against health officials proposals to regulate e-cigarettes as medical devices. McClatchy reports that the number of smokers in the region has gone down over the last decade. Roughly 28 percent of Europeans smoke, down from 40 percent in 2002. H/T Cindy Huang Go Deeper economy Support Provided By: Learn more Support PBS News: Educate your inboxSubscribe to Herersquo the Deal, our politics newsletter for analysis you wonrsquo;t find anywhere else.
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