Sunday, August 7, 2011

Quote of the day

Sudeshna Sen in The Economic Times:
I just don't get the people who run the world; how exactly does anybody, including the S&P, think that America or Italy or Greece are going to be able to reduce their deficit in the long term, or show happy quarterly GDP growth figures, if everyone is insisting that they cut down to size? How are these economies expected to generate jobs if they are being told to slash them?

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