"China news agency, Beijing, May 18 (Reporter Yin Li) - Danish central bank governor Pierre 18 in Beijing, said Carlson, the Western countries to take the loose fiscal policy in the financial crisis proved to be a big mistake, resulting in Western countries need long-term fiscal austerity policy to re-establish fiscal sustainability. The 14th China Beijing International High-Tech Fair 2011 China Finance Summit held in Beijing on the 18th, the theme of ""financial innovation and economic restructuring."" Carlson said in his speech, the finance ministers in the 1990s too much power, resulting in the derailment of fiscal policy. Western countries had a loose fiscal policy in the financial crisis proved to be a big mistake, long-standing economic bubble eventually lead to economic overheating, so that Western countries need long-term fiscal austerity policy to re-establish fiscal sustainability. Carlson spoke of the economic transformation of China, is very important, but also very difficult, and the errors comm
http://larryruby.blog.com/2011/12/20/the-second-third-wave-of-the/