Extract: "I generally disagree with Europe's insistence on so much spending cuts and austerity. In the case of Greece, Spain and Portugal and UK, they are proving counter-productive pushing the economy back into recession. To be honest, membership of the Euro has made it much more difficult to deal with this crisis because countries have much less flexibility (e.g. can't devalue, can't pursue independent monetary policy, face great pressure to cut costs) It was hoped the Euro would give many economic benefits, but it hasn't. Since the credit crunch exploded in 2007/08 - there have been no really easy answers".... Lire.
Showing posts with label economics help. Show all posts
Showing posts with label economics help. Show all posts
10/20/11
Economics Essays: Understanding Financial Crisis
Extract: "I generally disagree with Europe's insistence on so much spending cuts and austerity. In the case of Greece, Spain and Portugal and UK, they are proving counter-productive pushing the economy back into recession. To be honest, membership of the Euro has made it much more difficult to deal with this crisis because countries have much less flexibility (e.g. can't devalue, can't pursue independent monetary policy, face great pressure to cut costs) It was hoped the Euro would give many economic benefits, but it hasn't. Since the credit crunch exploded in 2007/08 - there have been no really easy answers".... Lire.
10/5/11
Economics Essays: Global Economic Problems
Voici un petit cours d'économie (anglais) de mon jeune prof d'Oxford.... C'est formidable comme maintenant tout semble clair... à lui comme à Paul Krugman! (sur la Chine) Las! personne ne semble savoir comme faire pour sortir de ce marasme qui s'installe. Adieu croissance; c'est la décroissance du PIB en volume qui menace - baisse des niveaux de vie et chômage! en moyenne bien sûr, ce qui affectera les moins bien lotis.... Lire.
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