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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