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Sunday, October 12, 2008

"European Leaders Agree to Inject Cash Into Banks"

Paul Krugman seems pleased:

Worthwhile British initiative, by Paul Krugman: Ask, and you shall receive. I asked plaintively for policy makers, at least once, to exceed expectations in this crisis instead of falling short — and it seems that the eurozone governments have delivered, more or less adopting the British plan.

And I should have given props to the British government, which vastly exceeded expectations last week — and has effectively shown the world the way forward.

For those who don’t get the title: here.

    Posted by on Sunday, October 12, 2008 at 04:32 PM in Economics, Financial System, Policy | Permalink  TrackBack (0)  Comments (8)

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