Friday, November 4, 2011

Current economic climate would cause a global recession?

Need to "change" in economic policy

The indebtedness of some countries, low growth and high unemployment are the main reasons which led the International Monetary Fund to sentence the world economy into "a dangerous new phase" and recessive.

The fragile confidence you have in the international economy makes it "cannot be ruled out" global recession in 2012 Said Antonio Borges, director of the International Monetary Fund (IMF) for Europe, in presenting the Report on the European Economy.

To counteract the chain reaction, Borges urged to "change" in European economic policy, which set aside the austerity measures and follow the example of the stimulus policies of the United States and Britain, published AFP. Read more.....

1 comment:

  1. change it and follow uk and us. ..aaaaaand we print! uk just went for another round at the bar of of more MBS and QE coming here before operation twist expires. EU lowered rates, when that doesn't solve the problem they'll print ..or defaults are coming, either way checkmate game over digital world currency and sovereign nation idea a thing of the past. hear Italy is now going under the oversight of the trioka..lessee..would make ireland, portugal, greece, italy..spain next?


Everyone is encouraged to participate with civilized comments.