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G-7 Leaders Agree on Principles To Confront Crisis, but No Joint Plan
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G7 finance ministers meeting leads to setting up joint principles such as ensuring customer deposits are safe, buying bank equity stakes with capital injection, and doing nothing that would harm the interests of other countries in the global economy, but policy actions were left to the individual countries to decide based on the unique circumstances in their country.
Shifting sentiment for Stimulus in France and Germany as job losses mount.
01/04/2008
German GDP contraction according to Commerzbank estimates in late March show 6-7% GDP contraction in 2009. France with a smaller capital goods industy, is projected to drop 4%. Sentiment in both countries is shifting to larger Stimulus.
Grouped Articles
Wall Street Journal 05/29/2013
Economist 05/07/2009
Germany Posts Month 21 of Declining Jobless Rate
New York Times 01/04/2008
Europe’s Central Banker Engineers His Economics
New York Times 02/05/2008
Unions Wage New Strikes in Germany
Wall Street Journal 03/06/2008
For Europe’s Middle-Class, Stagnant Wages Stunt Lifestyle
New York Times 05/01/2008
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