Wilson PonA New Statement from Europe Bank Chief!
August 12th 2009 10:10
The Europe Bank Chief, Jean-Claude Trichet declared that the existing stimulus packages are sufficient to overcome the recently economic crisis.
According to Trichet, the existing stimulus measures are “totally extraordinary” in this moment. He said that in some of the particular time, we cannot spend more, instead of accumulate more debts. Well, believe it or not, Trichet admit that this is the moment that suit the above condition!
Most of the European countries have been confirmed that they will not be offering further economic stimulus in this year.
By the way, some people are still doubt about the U.S. President Obama’s US$787 billion stimulus package, which is being approved by US Congress in February. Well, in this case, times will be the witness…
According to Trichet, the existing stimulus measures are “totally extraordinary” in this moment. He said that in some of the particular time, we cannot spend more, instead of accumulate more debts. Well, believe it or not, Trichet admit that this is the moment that suit the above condition!
Most of the European countries have been confirmed that they will not be offering further economic stimulus in this year.
By the way, some people are still doubt about the U.S. President Obama’s US$787 billion stimulus package, which is being approved by US Congress in February. Well, in this case, times will be the witness…
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