Europe, U.S., China must take IMF medicine: Trichet
Reuters Mon Sep 21, 2009
by Anna Willard
PARIS (Reuters) - Persuading Europe, the United States and China to accept
International Monetary Fund advice on economic polices may be difficult,
European Central Bank President Jean-Claude Trichet said on Monday. (...)
Economists say U.S. consumers must save more, China must encourage more
shopping sprees at home and Europe must push through structural changes to
unleash faster economic growth. (...) "Those who think that because the
situation is getting back to normal, we can do without deep reforms, are
totally wrong," Trichet said.
http://www.reuters.com/article/newsOne/idUSTRE58G34Z20090921?pageNumber=1&virtualBrandChannel=0
You can see from this how wrong leftists were to hastily declare the death
of the neoliberal policy paradigm, because of the recession in 2007-2010. To
the contrary, the slump has been an opportunity to implement even more
market reforms.
Jurriaan
_______________________________________________
ope mailing list
ope@lists.csuchico.edu
https://lists.csuchico.edu/mailman/listinfo/ope
Received on Mon Sep 21 16:02:06 2009
This archive was generated by hypermail 2.1.8 : Wed Sep 30 2009 - 00:00:02 EDT