BUSINESS
03/21/2014 08:20 am ET Updated Mar 21, 2014

The Timidity Trap

ASSOCIATED PRESS

There don’t seem to be any major economic crises underway right this moment, and policy makers in many places are patting themselves on the back. In Europe, for example, they’re crowing about Spain’s recovery: the country seems set to grow at least twice as fast this year as previously forecast.

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