Word: cernobbio
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That was the assessment of TIME's European Board of Economists, which held its twice-yearly meeting last week in the Italian resort town of Cernobbio, outside Milan. Said Hans Mast, a University of Zurich lecturer and Executive Vice President of Credit Suisse: "Europe's substantial pickup seems to believe recent theories about the inevitable stagnation of the old Continent in contrast with the youthful vigor of the U.S. and Japan. We still seem to possess talents for aggressiveness and innovation in world markets...
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