Aug 19 2014
"Stubbornness European leader", "against-productive decisions", "change of essential attitude of Germany" and other language elements: the editors of the New York Times1 have Sunday delivered a stinging attack on the economic policies of the Eurozone. At the center of criticism of American daily: Germany, which, as first power on the continent, would be the source of almost all the bad decisions taken at European level. Growth
is not waiting for you: zero France2, it was down 0.2% in Germany3 and Italy4. "No one should be surprised that the economy of the Eurozone still walking backwards" according to the New York Times, which points to the stubbornness of European leaders to continue their policies so that "they are exactly the wrong treatment. " This "abuse" referred to the editorialists of the New York newspaper is austerity, "the insistence of the European Union, led by Germany, to push governments to reduce their deficits by cutting spending and raising taxes has hindered the recovery. " The European Central Bank (ECB) is not spared, "the ECB has been too slow and not enough willingness to lower interest rates and to redeem the obligations of States, so that these two measures are effective" cash advances pay day loan. Result of this series of bad choices, according to the New York newspaper: in addition to sluggish growth, deflation threatens Europe5 and industrial production continues to fall. The newspaper
advocates radical change of attitude
And the New York Times to offer solutions to boost growth Eurozone6. "Big changes are needed. Like other central banks around the world have done, the ECB should buy bonds of states and other loans, to lower interest rates and encourage banks to lend more to businesses and individuals "analyzes the daily, explaining that the risk that such a policy causes runaway inflation are close to zero.
In addition to these new shares in the BCE7, the New York Times advocates a different tax policy. The simultaneous requests of the EU (worn again by Germany8, the daily) to lower deficits and rising labor flexibility are against-productive and unrealistic in times of mass unemployment.
Finally, the newspaper "advises" on European leaders to take advantage of low borrowing rates currently to revive the economy of the area. But if these measures succeed, the New York Times calls for a radical change of attitude of the European authorities in general and Germany in particular.Some cheap term life insurance policies may look cheap, but what matters the most is that you must get it.Getting a cheap term policy is not an easy task.