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RECESSION AND RECOVERY: The Lucky Are Unemployed

Posted on 27 January 2010 by admin

Unemployed men in Mexico. Credit: El mundo de Laura

By IPS Correspondents*

LONDON, Jan 26, 2010 (IPS) – The agreed, if dubious, solution to the financial crisis was to get people and governments – in the richer countries – to borrow more in order to spend more. What is not in doubt is the growing numbers of people who will be able to neither borrow nor spend.
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