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How to create a healthy economic growth in EU of 2012-

by on 23/12/2011

It seems obvious that in the following years the P.I.I.G.S. countries will have to reduce significantly their public and private expenses. Since they represent almost quarter of the EU population, this will have a big impact on the demand for goods and services within the EU. While without demand will be NO economic growth in EU, some other source of demand has to come from somewhere.  The most reasonable source of such demand can come from increased investments and consumption in the EU countries with relatively low debt and potentially high perspective of economic growth. And i am not speaking about Germany, Scandinavia or Holland, but rather the Eastern European countries, with about same population as the P.I.I.G.S. countries, that on one hand have relatively low public dept, mostly bellow 50%, (except of Hungary), on the other hand in spite of being part of the European Union, have shamefully low standard of living and big deficit in infrastructure. For some unclear reason the governments in these countries are cutting the investments and expenses too. It is time to change this policy and allocate finances into investments in Eastern European countries. I am pretty sure, it is not only socially correct, but compared to any other alternatives, it will bring the highest yield on investment.

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