....the Europeans are attempting to get organized and do something about the credit problems.
UK PM Gordon Brown and French President Nicolas Sarkozy have warned urgent action is needed to prevent the current financial malaise spreading, according to BBC news. The two leaders were meeting in France.
Mr Brown said the first priority was "to stop the contagion to other countries, including in eastern Europe" where there were "problems emerging".
He said the IMF would have to create a new fund to help struggling nations.
And Mr Sarkozy also wants a crisis fund for EU member states expanded from 12bn euros ($15bn;£9.6bn) to 20bn euros.
My thought is that the Europeans still need to be convinced that this is not only America's problem. The also needed to be convinced that terrorism was a global issue after 9/11. Not just an American event.
More, much more of my analysis and recommendations when you read the blog archive and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
No comments:
Post a Comment