johnny9fingers: (Default)
johnny9fingers ([personal profile] johnny9fingers) wrote2010-09-24 03:18 pm
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Yet more economics....

More data comparing Ireland, Spain, the UK etc...

www.guardian.co.uk/commentisfree/2010/sep/24/recession-ireland-spain-recovery 

Well, there you go.

There is one anomaly, as mentioned in the comments section: and that is Poland, which didn't have a housing bubble.

And just for the record, people should know that I understand that cuts have to be made: but it is the timing and nature of the managed (or otherwise) implementation of such cuts I think the coalition is in danger of getting catastrophically wrong. And though in many ways unfit to govern, Gordon Brown at least seemed to have the right policy about this particular crisis.

[identity profile] underlankers.livejournal.com 2010-09-24 03:09 pm (UTC)(link)
I agree with you that it is the timing and management of cuts as opposed to either eschewing them altogether or massive cuts across the board. One problem to me, however, is that this particular recession is in fact a global one and there is nothing any individual world leader, at least as I see it, can do to fix things unless they all co-operate together.

And at least with *my* country I have a hard time seeing anybody here willing to take those steps.