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New Year’s Hope against Hope

When the last year hasn’t gone so well, New Year's is a time for hope that the next one will be better. For Europe and the US, 2010 was a year of economic disappointment, and one can only hope that in 2011 their officials will finally stop listening to the financial sector's call for public-sector austerity and delayed restructuring of private-sector debt.

NEW YORK – The time has come for New Year’s resolutions, a moment of reflection. When the last year hasn’t gone so well, it is a time for hope that the next year will be better.

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