Sunday, July 06, 2003

EuroMortitis-One line my dad used to use is "If you can't be anything else, you can always be a bad example." Two cases in point-first, Den Beste points out a chemical-documentation law that will drive a lot of manufacturing out of the EU if maintained and this report on EU growth slated to be under 1% for the year. This isn't good news
Italy is hoping to boost growth among the 12 nations with a "New Deal", similar to the deal which boosted the US economy after the Great Depression in the 1930s. The current plan would see infrastructure projects such as new transport links funded by raising money via European Investment Bank bonds.
I'd expect Berlusconi to model after Reagan (or Kennedy, to keep the socialists from fainting) rather than FDR as his motif for economic stimulus.

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