Wall Street Journal (November 24)Wall Street Journal (November 24, 2010)
Greece, Ireland, Portugal…who knows which country is next. The EU’s stabilization fund for euro-zone members was established with the hope that the €750 billion life preserver would reassure markets and never need to be used. Now, Ireland alone will cost up to €100 billion. Unless the EU helps “its member countries return to growth,” the fund may get used up very quickly.
Greece, Ireland, Portugal…who knows which country is next. The EU’s stabilization fund for euro-zone members was established with the hope that the €750 billion life preserver would reassure markets and never need to be used. Now, Ireland alone will cost up to €100 billion. Unless the EU helps “its member countries return to growth,” the fund may get used up very quickly.
Tags: Euro crisis, Growth, Ireland, Stabilization fund
Institutional Investor (October)
U.S. companies are playing it safe and wasting “growth opportunities in an innovation-hungry international marketplace.” They should be investing in new technologies and growth. The impact will be felt across the economy. “Risk aversion is squandering what could be the last great opportunity for a U.S. innovation revolution – an era that could build shareholder value and insulate us from future financial crises.”
Tags: Growth, Innovation, Risk aversion, Shareholder value
New York Times (August 11)
Tuesday’s Federal Reserve statement “sparked a global sell-off in stocks on Wednesday.” Growth is now expected to be less than 2%. The Fed has indicated that it will do what it can, namely by keeping interest rates near zero and buying treasuries. This isn’t enough, but the government is unlikely to increase stimulus spending. The New York Times laments “the economy needs more and better help than it is getting.”
