Between the Lines: Eu Plans to Recover From Recession with Free Trade
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Summary
TOMORROW sees the European elections. In the UK there has been next to no discussion about European economic policy. On the Continent, however, the debate has been lively, so expect some major changes in the EU business environment as we come out of the recession.
The stimulus for the debate is the record contraction in Europe's economy in the first quarter of 2009 - the worst since the formation of the EU. This is not an interruption to normal service but an implosion of the German and Nordic model of export-led growth. True, European equities rebounded last week on expectations that depressed manufacturing inventories would spark an upturn later in the year. But any sustained recovery will require significant new sources of spending to replace lost export markets and to avoid higher taxes.See the full content of this document
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Between the Lines: Eu Plans to Recover From Recession with Free Trade
One idea for such new investment comes from a former Belgian prime minister, Guy Verhofstadt - dubbed "Baby Thatcher" - who is standing in the European elections. Verhofstadt has just published a book tit...
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