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March 30, 2009

More Euro pushback against stimulus

This McClatchy article brings up points I hadn’t considered.

Namely, with stronger unemployment benefits than the U.S., most EU countries already have more stimulus-type money in the system. (So, Obama should jawbone GOP governors, not EU prime ministers.)

Second, especially with Germany, many EU countries don’t buy into Keynesian ideas as much as the US or UK. And, they’ve doubled that skepticism in the 21st century.

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