What happens when the money runs out? at izbrano

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What happens when the money runs out?

New Statesman - Banks need the confidence of the public to survive and they have lost it for years to come. The danger is that if governments take on their role, they too will lose the trust of the people.

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Fiscal policy is our most potent instrument

Financial Times - Fiscal policy, more than monetary policy, will determine how and when this crisis will be resolved. The best contribution central banks could make is to help the money markets. I still believe some explicit currency-zone level money market insurance scheme is the way to go. By all means, cut [...]

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Economic Crisis Mounts in Germany

Spiegel - German Chancellor Angela Merkel is putting up a lot of money to try to quiet hysterical markets. At the same time, though, Germany and Europe appear to be sinking quickly into a recession. Experts believe a massive economic stimulus package is needed to stop the slide.

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The car industry - Pass the plate

Economist - Much depends on what the Americans decide to do. One option for Europe, assuming the Detroit Three get their money, would be to complain to the World Trade Organisation. But Ford and GM are too important for Europe’s car industry to make that probable. The betting is that Europe’s carmakers will [...]

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