Friday, 19 November 2010
Ireland's problems grow
I mean the prob is obvious: the draconic saving measures are hazardous towards the business cycle. Whereas the US prints money ever since Bush & Paulson and their hallucinating 700 bio $ rescue, the EU has a very conservative policy in such terms. Now, first hand this is alright because there is hardly any inflation. But if u got small economies like the Irish, u might take it over the edge.
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