Old World Economic Ills

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German Chancellor Angela Merkel, European Comission President Jose Manuel Barroso, and IWF Chief Christine Lagarde after a meeting with Greek Prime Minister George Papandreou over a euro zone bailout.

Luigi Zingales, University of Chicago economist and the author of A Capitalism for the People: Recapturing the Lost Genius of American Prosperity, argues the U.S. economy is in danger of falling prey to the problems he hoped to leave behind in Europe.