Tuesday, Nov 25, 2008
World's finance ministers need desperate soloutions
Telegraph: Pre-Budget report: World's economies take radical steps over threat of recession
The radical measures announced in Alistair Darling's pre-Budget report reflected a growing belief among the world's finance ministers that desperate solutions are needed to head off another Great Depression.
Other major economies are now expected to follow suit by considering increasing tax for their wealthiest citizens to fund tax breaks elsewhere.
In America, President-Elect Barack Obama urged the new, incoming Congress to pass a major financial stimulus package "right away" to "jolt" the US economy back on track.
Posted by ben hazell @ 09:52 AM (146 views) Add Comment
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