Global Financial Integrity

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Tax Havens/Bank Secrecy

Europe Needs To Reduce Underground Economies, Fight Tax Evasion

This morning, Larry Summers, former U.S. Treasury Secretary under President Clinton and former top economic advisor to President Obama, wrote that European austerity is holding back economic growth, which is making their sovereign debt problem worse, both in individual countries passing austerity budgets and on a continent-wide basis.

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