[OPE] IMF-type "structural adjustment" for EU, US and China?

From: Jurriaan Bendien <adsl675281@telfort.nl>
Date: Mon Sep 21 2009 - 15:58:27 EDT

Europe, U.S., China must take IMF medicine: Trichet
Reuters Mon Sep 21, 2009
by Anna Willard

PARIS (Reuters) - Persuading Europe, the United States and China to accept
International Monetary Fund advice on economic polices may be difficult,
European Central Bank President Jean-Claude Trichet said on Monday. (...)
Economists say U.S. consumers must save more, China must encourage more
shopping sprees at home and Europe must push through structural changes to
unleash faster economic growth. (...) "Those who think that because the
situation is getting back to normal, we can do without deep reforms, are
totally wrong," Trichet said.

You can see from this how wrong leftists were to hastily declare the death
of the neoliberal policy paradigm, because of the recession in 2007-2010. To
the contrary, the slump has been an opportunity to implement even more
market reforms.


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Received on Mon Sep 21 16:02:06 2009

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