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NewsWhore
05-24-2012, 07:30 PM
Bubble in Austerity Shows Europe Is Ignoring 1997 (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF_hrjB3b0FTAQL5H4Hjmzfsbn6Hw&url=http://www.bloomberg.com/news/2012-05-24/bubble-in-austerity-shows-europe-is-ignoring-1997.html)
Bloomberg
Back then, the US Treasury and the International Monetary Fund demanded that Asia keep interest rates high to support currencies and cut government spending and debt. Of course, even the US blew off these suggestions, and more, after the 2008 failure ...

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