Mirtchev, A. (2008, November 28). The Foretold Fate of the Push Toward Economic Stability – The Varied Approaches to Tackle the Crisis Converging Around Government Intervention will Create Different Paths to a Patchy and Uneven Recovery. EuroWeek.
Dr. Alexander Mirtchev reviews and compares the crisis-management measures adopted by economies worldwide, as well as the different strategies and specific actions undertaken by a number of developed countries – the US, the UK and other EU economies, as well as certain emerging markets. He asserts that the developed countries’ “recovery strategy of choice” is focused on addressing the banking sector’s liquidity problems rather than the more pertinent solvency problems faced by both the private and public sectors of those economies. On the other hand, emerging markets have, in some cases, been bolder with plans to stabilize both the financial sector and to address systemic imbalances in their economies.