Crisis has struck (and still is striking) hard, no doubt about the need for assistance, but abundant mediations from the government tend to mislead all on the fair. Therefor professor Roubini (picture) warns society that by wanting to create a stable growth too fast we are now creating a dangerously unstable one.
Moreover he believes investors will start to realise that relapse is insuperable, with the result that general fear will take over and the anticipated economic recovery will no longer be realistic. The question is not: should the government keep spending lots of money, the question is: should they be doing it this fast, and does it work. Crawl before start running.
Mare Rossaert
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