Sunday, October 14, 2012

More economic analysis, but still no plan or a leader

Euroland's debt strategy is an economic and moral disgrace

"The International Monetary Fund has demolished the intellectual foundations of Europe's debt crisis strategy" (Ooops, riots ahead, methinks). On drastic fiscal tightening..."Greek GDP contracted by 4.5pc in 2010, 6.9pc in 2011, and is expected to shrink a further 6pc this year, and 4pc next year. If the Troika were a doctor, it would face manslaughter charges". It gets worse....

Posted by alan @ 08:44 PM (1185 views)
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