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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

EU Daily | Europe Manufacturing Recession Worsens in December

Posted by WARREN MOSLER on January 2nd, 2009


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Highlights
Europe Manufacturing Recession Worsens in December
Nowotny Says ECB’s Liquidity Measures Need Time to Take Effect

Right, time to wait for a US fiscal response large enough to help the eurozone as well as the US.

Merkel hints at German tax cuts
Spain Manufacturing Contracted at Record Pace in December
German Home Foreclosures Fell 3.7% in 2008, Sueddeutsche Says
Sarkozy Says He’s Ready to Do More to Spur Economy
European Bonds Fall as Gains by Stocks, Low Yields Deter Buyers


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