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.....