While he tries to coax the economy into producing more jobs with one hand, Obama has set in motion an inexorable process that will lead to more economic contraction.
In the EU the prevailing political line is not for improving the economy and enhancing employment, but a policy of '"austerity", which means deflation and stagnation.
A European Public Finance Authority that would be governed by member countries should issue bonds that the ECB can buy and sell through standard open-market operations.
According to "The Economist", Germany considers Eurobonds with horror, since they would be a big sacrifice for the creditworthy nations of the euro area. Stuart Holland turns down this argument.
The flow of capital going into the Emerging Countries is partly used to reinforce their economy and partly used for investment abroad : the flow of capital into Emerging Countries is matched by a relevant out flow from these countries
Gaddafi built his criminal and tyrant regime using the time honored game of “divide and rule” Now it is up to the Libyans and their leaders to agree on their political system, they will need technical and political support and advice as requested.
