3 ms·
Wouldn't the EU as a whole (led by Britain, Germany, and France) be similar to the US? EU + US + Japan = the vast majority of the first world. Norway has done
by nugget 10y ago
Wouldn't the EU as a whole (led by Britain, Germany, and France) be similar to the US? EU + US + Japan = the vast majority of the first world. Norway has done well for themselves but it's a tiny country with massive natural resources and a stable, homogeneous population; it's hard to draw conclusions from their experience that are applicable to the rest of the world.
- nshelly 10y agoYes, but I wouldn't consider France and the UK necessarily fiscally conservative overall. Moreso than the US - think QE2 and QE3 vs the UK's "age of austerity" under David Cameron through 2015, well after the start of the Great Recession.