The problem, as many Europeans see it, is that the U.S. stimulus package had to be as large as it was, and so much of it had to be devoted to social safety-net programs simply because the United States was not carrying its fair share of the global burden of putting in place programs that would ensure economic stability in the first place. Full Story »
Posted by Kaizar Campwala
the story points out a happy ending for what might have been a thorn in the eu-us summit goal agreements. the news here is that additional monies to the imf may forecast a true turn-around in the u.s. policies regarding developing countries' needs aligning them more with europe's, benefits for the global economic crisis for this action are pointed out.
targeting developing nations rather than developed nations for more spending may have more systemic benefit for the same reason that increased safety-net expenditures ... More »
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