Barack Obama sad that Europe and USA disagree with idea to financial stimulus to fix the economic crisis. This was reaction to headlines predicting a transatlantic row at summit in London. But most European politicians support him. They sad that transatlantic difference are small.
Within European Union and governments, arguments are angry with the right way to beat a financial crisis.
There are some reasons for this. Some European governments want to see how the first waves will work. One politician worried that American plans can start up a "hyperinflation". On the summit on March 19th and 20th politicians spoke about demand in southern countries to get more from communal funds. They also spoked about German request to give support to Dutch Telekom.
There is another problem. There are a lot of resistances to stimulus plans in Europe, such as a big amount of unemployment and welfare bills, soaring deficits and dept.
Some EU governments rise their taxes and start up their own welfare systems. One of the biggest national problem is unemployment.
The most famous Dutch politician is Jan Peter Balkenende. He is prime-minister, who trying to gain the financial crisis. His coalition works hard on effective program to stimulate economic growth. They pay their attention on growing GNP instead of growing GDP. They hope they will gain the financial crisis as soon as possible.
What is the difference between GNP and GDP?
ReplyDeleteWhat is the importance of the last paragraph of your blog?