Posts Tagged: global economy

Key to a Stronger Recovery: A Bolder Fed

  In testimony to Congress on Thursday, Federal Reserve Chairman Ben S. Bernanke was careful not to commit himself to further monetary stimulus. We’re thinking about it, he said, presenting a minutely evenhanded review of the arguments for and against. The Fed ought to

Key to a Stronger Recovery: A Bolder Fed

  In testimony to Congress on Thursday, Federal Reserve Chairman Ben S. Bernanke was careful not to commit himself to further monetary stimulus. We’re thinking about it, he said, presenting a minutely evenhanded review of the arguments for and against. The Fed ought to

Cameron, Obama Call For Immediate Plan To End Euro Crisis

  U.K. Prime Minister David Cameron and President Barack Obama called for an immediate plan to resolve the euro-region debt crisis, adding to pressure on German Chancellor Angela Merkel to ease the way to a deal. Cameron travels to Berlin tomorrow for talks with the German

Cameron, Obama Call For Immediate Plan To End Euro Crisis

  U.K. Prime Minister David Cameron and President Barack Obama called for an immediate plan to resolve the euro-region debt crisis, adding to pressure on German Chancellor Angela Merkel to ease the way to a deal. Cameron travels to Berlin tomorrow for talks with the German

In the years immediately …

In the years immediately following the euro’s introduction, Germany’s heavily regulated economy lagged behind. Germany responded by keeping a lid on wages and reforming its labor market—the same medicine it now demands of others. Those measures paid off for Germany because of a booming global economy, and strong demand in the rest of the euro zone boosted exports.
In the current economy, Spain, Ireland and Italy don’t have those advantages.

In the years immediately …

In the years immediately following the euro’s introduction, Germany’s heavily regulated economy lagged behind. Germany responded by keeping a lid on wages and reforming its labor market—the same medicine it now demands of others. Those measures paid off for Germany because of a booming global economy, and strong demand in the rest of the euro zone boosted exports.
In the current economy, Spain, Ireland and Italy don’t have those advantages.