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Europe Daily Bulletin No. 9864

19 March 2009
GENERAL NEWS / (eu) eu/economy
Krugman says European recovery plan is inadequate

Brussels, 18/03/2009 (Agence Europe) - Raising the spectre of a “lost decade” for the European economy, just as happened in Japan in the 1990s, the 2008 Nobel Prize Winner for Economics, American Paul Krugman has urged the EU to dramatically increase its spending to boost demand and get out of recession. “The United States is not doing enough to fight the crisis and Europe is doing a bit less than half as much as the United States. It is inadequate,” said the Princeton University...

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