Global economy week ahead: The drum beat for austerity gets louder - The Economic Times: Credit is tightening for parts of the region as it struggles to contain a sovereign debt crisis that has already forced Greece, Portugal and Ireland into bailouts. Now, even relatively strong economies like France are pushing new measures to rein in spending.
"Fiscal austerity winds are blowing," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York. "This is going to act to slow down growth."
"Fiscal austerity winds are blowing," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York. "This is going to act to slow down growth."
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