I told you so. Obama right and Europe wrong about way out of Great Recession - The Guardian

Up until this point, the summits had proven a welcome unity, with all nations committed to the objective involving avoiding the second great Depression.

At the European Central Bank, there was concern that the deep cuts inside rates involving interest and the unorthodox policies becoming pursued through the Federal Reserve and the Bank associated with England posed a threat to value stability. Unemployment can be high, which means businesses are reluctant to invest. Once the recession bottomed outside in 2009, your unemployment prices of the US as well as the eurozone were virtually identical, nevertheless within the a long time since your dole queues possess lengthened throughout Eur