Friday, May 28, 2010

Europe vs USA

An experiment of contrast is under way between the Europeans and Americans. The Europeans are adopting an austerity strategy compared to the American stimulate to grow out of trouble strategy. Who would come out better?

The fact is the Europeans cannot inflate like the Americans and the US cannot do what the Europeans are committing to.

For now the financial links between the two continents are more important than trade flows.

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