Economic crisis is in the air, but Germany and the United Kingdom can’t agree on an approach, which would save the well-being of the markets and exchange traded funds (ETFs).
In Brussels, Belgium, there was a meeting of economic leaders looking for a stimulus plan all could agree upon to save the European Union. Stephen Beard for Marketplace reports that Germany thinks the British approach to the stimulus plan is crass, throwing around billions of pounds of public money in a futile attempt to refresh the economy.
Germany is equally critical of the plan for a $250 billion Europe-wide stimulus package. That doesn’t augur well for the E.U. summit. Meanwhile, German confidence fall to an all-time low, as investors are shy, and the European Central Bank is ready to cut rates again.
Either way, reports are now that EU leaders will be moving forward despite Germany’s reluctance, says Megan Williams for Marketplace.