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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>Dear Friends and Colleagues,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>The Macroeconomic Policy Institute (IMK) in Dusseldorf, Germany has recently published a working paper of mine titled <b><i><a href="http://www.boeckler.de/pdf/p_imk_wp_111_2013">“Europe’s crisis without end: The consequences of neoliberalism run amok”</a></i></b> which is available <a href="http://www.boeckler.de/pdf/p_imk_wp_111_2013">here</a>.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>The paper gives a comprehensive account of the crisis which is interpreted as the product of a toxic neoliberal policy cocktail that has been mixed over the past three decades.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>If you find it persuasive I hope you will share it with others.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>Sincerely,<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>Tom Palley<o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Thomas Palley<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Senior Economic Policy Adviser, AFL-CIO and <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Research Associate, Economic Policy Institute<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'>Tel: (202)-667-5518<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'>e-mail: <a href="mailto:mail@thomaspalley.com">mail@thomaspalley.com</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Times New Roman","serif"'><a href="http://www.thomaspalley.com">www.thomaspalley.com</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p> </o:p></span></p><p class=MsoNormal><b><i><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>From Financial Crisis to Stagnation</span></i></b><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'>, February 2013, $18.47 at Amazon.com. <o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>