Economic growth needs proper strategy
Via Scoop.it – #GreekCrisis
“An economic task force the government recently set up to deal with the impact of the eurozone debt crisis announced several measures after its first meeting on Thursday last week. However, a closer look at those proposals reveals no discernible difference between this task force and its many predecessors.
The task force concluded that the government should underwrite the stability of domestic financial markets through the state-owned National Stabilization Fund, which uses the four major government funds — labor insurance, labor pensions, civil-servant pensions and postal savings.
However, this was nothing new, as people have heard such suggestions many times before. It was not even prudent, because any government intervention in the equity markets in the current climate could prove futile before European and US markets show signs of stabilization.”