Category: Currency Currents
- Published: 10 December 2009
- Written by Editor
Excuse me Mr. Brown, Mr. Sarkozy – say what?
In The Wall Street Journal yesterday, Mr. Brown and Mr. Sarkozy, of Britain and France respectively, penned a piece for WSJ readers. Let’s start with this ...
Europe led the way last year in facing down the global financial crisis, restructuring our banking system and strengthening the global financial system. The European Union was also at the forefront in calling for a new forum for economic cooperation of G-20 leaders. And from the outset of the crisis, it was Europe that promoted the fiscal stimulus—and sought to coordinate it globally— that has been a major factor in preventing recession becoming a world-wide depression.