BES: Lingering pains

E. Hadas & C. Courcoulas It is easier to fall into a hole than to climb out of one. Authorities around the world have been making massive efforts to help countries emerge from the worst recession in decades. Their efforts may be working, but there are few signs of anything like a V-shaped recovery. The Breakingviews.com Economic Spot-check came in last week at 2.4 on a scale of one to five. That was up from the previous week’s 2.3, but still closer to Slow Decline than Stability. The pessimism...