The IMF predicted yesterday that the Eurozone would grow 1% in 2010, while the ECB believes that is too conservative.
Considering that the IMF and ECB are on the same sides when it comes to sovereign debt, I think they're both in for a shock if Germany along with other Eurozone countries go ahead with their planned austerity measures.
It'll be the sucking sound of money being pulled from GDP, and a general lack of confidence that governments know what they're doing.
In other news, the global warming skeptics appear to have gone silent during the massive heat wave hitting most of the US. Those are the same skeptics who were mocking global warming and attacking the science behind it, even when they didn't actually understand it (which explains why they're silent right now).
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