Posted in Uncategorized on 04/12/2008 05:12 am by admin
If it was not for purely financial nature of the crisis, which started, such a plan would have a right of existence. However, as it appears from the theory mentioned above, this crisis is structural, ergo, characteristic feature hereof is rapid drop of aggregate demand, first of all in the United States, and then in the whole world. Most likely, the EU monetary authorities, who keep worshipping monetary principles, have not considered this circumstance.