Europe’s Message on Economic Stimulus: Enough Already!

As the economic tsunami continues to rage across the planet, the near universal refrain has been that joint action is needed to pull us out of the crisis. But when it comes to stimulus spending, the United States and Europe have taken different paths, jeopardizing hopes of a united front to combat the downturn. President Barack Obama this week urged the world’s top economies to adopt aggressive, American-sized spending programs.

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