Causes of the European debt crisis historian Robert Skidelsky added that it was indeed excessive lending by banks, not deficit spending that created this crisis. Government's mounting debts are a response to the economic downturn as spending rises and tax revenues fall, not its cause. Either way, high debt levels alone may not explain the crisis. According to The Economist Intelligence Unit, the position of the euro area looked "no worse and in some respects, rather better than that of the US or the UK." The budget deficit for the euro area as a whole (see graph) is much lower and the euro area's government debt/GDP
Larry Laffer when Lowe sent a letter asking his permission for the publication of a program under the title "Laffer Utilities", a Larry spin-off which could potentially confuse the public due to the ambiguous title. Laffer asked his secretary if she knew about the games and she told him that she had played them for years, but never made a connection. Laffer gave the permission and also paid a visit to the Sierra studios. One of Larry's trademarks is his manner of introducing himself: "Hi, my name is Larry; Larry Laffer", a reference to James Bond's introduction style, "My name is Bond;