A recent study by the Center for Economic Policy Research says that, in order to ease imbalances, the European Union needs to ma

A recent study by the Center for Economic Policy Research, or CEPR, in London says the best way to ease imbalances would be for Asian governments, the United States and the European Union to coordinate policy. It says that while Asia needs to make changes, the US also has to save more and cut spending.

Born in Bradford, Appleton initially showed little more than a passion for music and cricket. However, aged 18 he won a scholarship to Cambridge, where in 1913 he received a first-class degree in natural sciences. The outbreak of war in August 1914 saw him join the Royal Engineers; while there he was trained in Marconi’s recent invention, radio technology.