Sunday, 10 November 2024



AI Overview


The US's financial stimulus in response to the financial crisis of 2008 contrasted with the austerity policies adopted by many European governments:


US stimulus
EU austerity

Policy
The US launched a financial stimulus
Many European governments adopted austerity policies

Results
The American economy grew
European countries stagnated and struggled to repay debts

Other effects
The US experienced an investment boom
Europeans became poorer, both collectively and privately


https://pmc.ncbi.nlm.nih.gov/articles/PMC4952125/
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