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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (793750)7/5/2014 4:52:52 PM
From: TimF  Read Replies (2) of 1577950
 
.they are still in recession.

Yes. many of the countries there are. They messed up with the euro and with all the extra spending.

The EU did exactly what you all recommended...........curtained spending.

They spent too much before the recession. Extra government spending isn't really a good solution for economic problems, but to the extent it could have done anything there would have been much more scope for it if they where restrained when times where better.

Also many of the countries where not very restrained in spending after the crisis hit. For some their "austerity" was higher taxes.
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