Angela Merkel: youth unemployment is most pressing problem facing Europe | World news | guardian.co.uk

Angela Merkel, the Chancellor of Germany

Angela Merkel, the Chancellor of Germany (Photo credit: Wikipedia)

This is an excellent MUST READ article, in which the Guardian interviews German Chancellor, Angela Merkel. Check it out!

Angela Merkel: youth unemployment is most pressing problem facing Europe | World news | guardian.co.uk.

Personally, I very much agree with Angela Merkel’s argument that Europe can learn from Germany‘s example on work-based training. However, this is just part of the problem. There is still an urgent need for further economic action in Europe to stimulate growth and jobs, including:

  • Inflate Germany with strong fiscal incentives
  • Encourage strong investment in publicly funded infrastructure programs, especially in Southern Europe, like for example in Cyprus‘ offshore gas industry
  • Fiscal incentives for investment in capital spending, technology, research and development, languages across Europe
  • Encourage greater migration of labor and language learning across Europe
  • Aggressively expand financing for small businesses across Europe

Any thoughts?

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Risks of a hard landing for China – Martin Wolf – FT.com

DALIAN/CHINA, 12SEPT09 - Martin Wolf, Associat...

DALIAN/CHINA, 12SEPT09 – Martin Wolf, Associate Editor and Chief Economics Commentator, The Financial Times. (Photo credit: Wikipedia)

This is an excellent MUST READ article from Martin Wolfe in his FT blog. Check it out!

Risks of a hard landing for China – FT.com.

Martin Wolf  has an knack of explaining complex economic challenges in simple English by reference to every day examples. China is really important to global growth and Martin Wolf highlights the risks very effectively. Martin Wolf‘s article compares China to a 747 with engine problems; for me, using the 747 analogy, a huge amount depends on the judgement and skill of the pilot.

Personally, based upon my experience in China, I am still an optimist with regard to China avoiding a hard-landing. Yes, there are enormous challenges and risks but the Chinese Government is also bold and decisive.

Any thoughts?

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