MercoPress. South Atlantic News Agency
G7 reaches overall compromise on ‘austerity/expansion’ and fiscal consolidation
The Group of Seven advanced economies appeared to smooth over US-European differences on how to balance deep austerity measures with ways to support fragile growth. G7 finance ministers and central bankers also pledged their commitment to tackling tax evasion during two days of talks in the English countryside, British finance minister George Osborne said. Read full article
Comments
Disclaimer & comment rulesAparently the IMF was wrong,
May 13th, 2013 - 01:44 pm - Link - Report abuse 0we should not have re-dipped,
and are growing at a good rate.
still,
time will tell..
Does no one listen when so called expert advocates of austerity are shown to be dead wrong on the data? Even graduate students know better, at least according to a recent BBC report on the failure of some Harvard experts on the economy. Austerity will continue to choke the already asphyxiated.
May 13th, 2013 - 01:50 pm - Link - Report abuse 0@briton
May 14th, 2013 - 08:34 am - Link - Report abuse 0About what growth are you talking about Briton?
Are you joking again?
we are growing
May 14th, 2013 - 06:41 pm - Link - Report abuse 0ebet very slowly but we are growing.
“we are growing
May 15th, 2013 - 04:38 am - Link - Report abuse 0ebet very slowly but we are growing.”
Who is we? The real economy (the people that work and face how their savings are losing value) or the zombie banks thanks to the QE's?
Wake up, real economy is NOT growing in the UK. Austerity in this case means: You will pay more tax for all the government services that will be cut in the name of saving the banks , because osborne says so. duh, says osborn, they, the banks need government (the people's tax money) help, because they are vital for the economy than the people who will pay for the bailouts or fancy word: Quantative Easing) it makes so much sense..does it. meanwhile, Raise the flag, march, and don't complain..after all, situation in the falklands is so much important.
Negative thoughts,
May 15th, 2013 - 05:39 pm - Link - Report abuse 0Always
Negatives thoughts..
.
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