Thursday, 17 June 2010

FT voices

Paul Sweeney: Following on from Michael Burke's link to Krugman on Tuesday, yesterday Martin Wolf of the Financial Times was quite unequivocal on the dangers of the dash from economic stimulus posed by the “exit strategies” advocated by many economists.

And Lex, the very conservative investor columnist in the Financial Times, described Ireland’s fiscal policy thus: “The process of fiscal adjustment across the eurozone is so arbitrary, so uncoordinated, and – in countries like Ireland and Greece – so savage that the cure is as likely as is the disease to kill the patient.”

1 comment:

Rory O'Farrell said...

Eurozone inflation is below the 2% target suggesting the ECB has room to cut rates.

This would boost the EU economy and make borrowing cheaper, helping the fiscal situation.