Europe Heading Fast Into Deeper Recession

Here’s an excellent summary article on the current state of Europe’s economy.  A new bank bailout in the UK, plus a projected $398 billion (USD) stimulus package in continental Europe in order to help bank credit flows.  You might want to check out the recent price of shares of Royal Bank of Scotland if you’re into a speculative play.  I have to say it looks tempting…

Read this very thorough article here.

Do you know, in light of all of this talk of stimulus, etc., Canada seems to be the last to cave in.  There has been talk bandied about over stimulus, but no capital-S stimulus package has actually been written on the books yet. It would be great if Canada could get through this mess without a stimulus, but the political sentiment on the ground doesn’t seem to want that to happen.  Most people are too concerned about the auto industry workers (why can’t they go out and find another job like everyone else?), and they don’t know as much about balancing books, it seems.

I have to wonder why there aren’t more social liberals and fiscal conservatives – what would that position be?  Fiscal conservation is a remarkably green, sustainable and responsible stance to take towards development.

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Tagged as: bailout, europe, European economy, stimulus