Deve gowda News
A V Rajwade: Financial markets-1, Europe-0
By the time this article is published, the European winner of the Football World Cup 2010 would be known. In the framing of macroeconomic policies, however, Europe seems to have lost to the financial markets. It is obvious that the fiscal contraction now happening in most major European economies, involving both tax increase and expenditure cuts, is a surrender to rating companies and bond investors.
Deve gowda Galleries
|
|
