Posted on 06/13/2009 7:02:30 AM PDT by TigerLikesRooster
G8 prepares for global recovery
By Guy Dinmore in Lecce, Italy
Published: June 13 2009 12:32 | Last updated: June 13 2009 12:32
G8 finance ministers on Saturday agreed that their economies were showing “increased signs of stabilisation” and for the first time started to craft exit strategies to counter the inflationary impact of their stimulus measures.
A draft communique of their ministerial meeting in Lecce – a Baroque city in southern Italy that was sealed off for two days of talks – noted a recovery in stock markets, a decline in interest rate spreads, improved business and consumer confidence and better figures in the manufacturing sector.
But the divisive issue of bank stress tests was not mentioned in the draft, with Europeans resisting pressure from the US and Canada to follow their lead in publishing test results.
“We will take all necessary steps to put the global
(Excerpt) Read more at ft.com ...
This burgeoning Green Shoot Cult makes people seriously deluded.
Ping!
Excluding America, the artificial propping of ‘green’ to the detriment of the rest of our businesses is going to keep the USA out of any measurable recovery
Another spin word for light at the end of the tunnel. Are was that "light in the trees", are the bottom is not as deep as before , are the slop is not as steep, are, _________________ add your catching slogan statement here LOL
Good one!!!
Whistling past the graveyard. Obamonomics is making things worse.
Pray for America
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