Global Markets Down Again on Euro Contagion

by Marilou Moursund on November 30, 2010

in Banks,currencies,Debt,Fiscal Policy,Foreign Markets

The euro broke support at 1.30 this morning asto new highs. European markets calmed down briefly yesterday when the 85 billion euro bailout of Ireland was announced.  The news out of India today that their economy grew by 8.9% underscores the best online casino growth disparity between the developed world and the developing world. 

Just like Europe, the U.S. needs to balance government austerity measures with stimulus for private sector growth.  The administration”s announcement yesterday of a two year salary freeze for government employees is a welcome first step in addressing the federal deficit.

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