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Monday, July 15, 2013

To The EU: STAY THE COURSE

My Current Advice to the EU:

Austerity is tough. The alternative, runaway wasteful spending is even worse. The patient- you and the EU's 28 and growing number of countries, is gradually getting well. You are out of intensive care but you need to reinvest the interest that you have saved on last year's budget cuts into education ansd small business loans to create jobs.
This will slowly restart your economic engine. It won't buy you caviar, but in a few years, you will look back and will have learned that being thrifty with your citizen's money is the wisest choice you can make.

Sincerely,
Mark Winkle
Founder, Fin., Env., and Legal Research
Consultant to 30 Countries
Winkle Institute of Worldwide Economin Stability
 

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