Warning that the euro zone risks "financial disintegration," the European Union's head office threw down an economic gauntlet for Germany, France and others on Wednesday, with an in-depth assessment of the economic mess and what governments should be doing about it.
French President François Hollande was told his pro-growth election promises need to be tempered with more spending cuts and unpopular free-market reforms; the Commission urged inflation-averse Germany to let wages rise; Spain was warned to urgently improve its policies on labor, growth and, above all, sort out its tottering banking system.
Stop the Presses...........................Note to President Obama
No comments:
Post a Comment
all comments will be signed to be published