Sovereign Debt Crisis Risk... in advanced economies likely says European Central Bank Board Member Juergen Stark... "While it was right to also take extraordinary fiscal policy measures to avoid a 1930s-style depression, a timely exit from the fiscal stimuli is now crucial in the context of ongoing economic recovery... Any undue delay will have serious negative side-effects on confidence and economic welfare... Economic growth has resumed in most countries, albeit very moderately in many advanced economies... massive support measures taken by governments and central banks"... http://imarketnews.com/node/10341 (3*)
Wednesday, March 17, 2010
Sovereign Debt Crisis Risk... in advanced economies likely says European Central Bank Board Member Juergen Stark... "While it was right to also take extraordinary fiscal policy measures to avoid a 1930s-style depression, a timely exit from the fiscal stimuli is now crucial in the context of ongoing economic recovery... Any undue delay will have serious negative side-effects on confidence and economic welfare... Economic growth has resumed in most countries, albeit very moderately in many advanced economies... massive support measures taken by governments and central banks"... http://imarketnews.com/node/10341 (3*)
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