UNCTAD speaks of a fragile recovery, of counterproductive policies that can make it difficult for developing countries to sustain their own growth.
The EU is on the brink of a deep recession ... it is trying to export its way out of the crisis, while the 'golden rule' is counterproductive. the 'structural reforms' are all too often coded language for labour market liberalization including wage cuts, a weakening of collective bargaining and greater wage differentiation across sectors and firms ... the reasoning is flawed ...