Germany attacks 'depressing' UK economic rescue
Germany has lambasted Gordon Brown’s response to the economic crisis as “crass” and “depressing” in an astonishing attack as EU leaders prepare to debate how to recover from the recession in Brussels today.
Peer Steinbruck, the social democrat German finance minister, warned that it would take Britain a generation to pay for the huge financial stimulus introduced by the government in its attempt to kick-start the economy.
[...]
“All this will do is raise Britain's debt to a level that will take a whole generation to work off. The same people who would never touch deficit spending are now tossing around billions.
“The switch from decades of supply-side politics all the way to a crass Keynesianism is breathtaking. When I ask about the origins of the crisis, economists I respect tell me it is the credit-financed growth of recent years and decades. Isn't this the same mistake everyone is suddenly making again, under all the public pressure?”
Dívidas para uma geração servem para pagar a reeleição dos trabalhistas britânicos.
Sem comentários:
Enviar um comentário