Saturday, September 10, 2011

The ECB has made The Biggest Mistake in the past 10 years

The European Central Bank must signal this week that it will cut interest rates, reversing the "biggest mistake" it has made in the past 10 years, economist
"It is not enough to do fiscal austerity because if you don't have economic growth you can try to reduce debt and deficit, but if the denominator [collapses] then you're not going to achieve sustainability," Nouriel Roubini told CNBC Europe in an interview Monday


Globalism sucks said...

Theft through inflation.

Thane said...

I dont get it... isn't cutting interest rates whilst doing austerity make it all a wash?

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