The withdrawal of economic stimulus packages by advanced countries like France, Germany and Great Britain may lead to double-digit recession, warned the Prime Minister, Dr Manmohan Singh.
Without naming the troika, the Prime Minister said, “Contractionary policies, if followed by many
industrialised countries simultaneously, could provoke a double-dip recession”.
Addressing G-20 leaders of key emerging and advanced countries, the Prime Minister pointed to great risks in destabilising fragile recovery and deflation vis-à-vis inflation.
He prescribed a measured and calibrated exit from stimulus measures by developed countries that face “fiscal stress” and deficits. For countries like the US, where the markets have been nervous, he prescribed fiscal consolidation as the way forward.
The UK’s Tory-LibDem coalition government has already announced an aggressive package of steep cuts in budget spending, mopping up funds by taxing banking transactions.
The Prime Minister warned the developed countries from resorting to protectionist policies or imposing trade barriers with an adverse impact on revival in demand for goods and services in developing countries.
Showing posts with label Germany. Show all posts
Showing posts with label Germany. Show all posts
Monday, June 28, 2010
Wednesday, March 10, 2010
The Netherlands makes it
Defending champion Germany and the Netherlands joined England and Australia to complete the semifinal line-up in the Hero Honda hockey World Cup on Tuesday.
Korea, the Asian powerhouse, missed the berth by a whisker after subduing the Dutch. The 2-1 victory for Korea was insufficient to cover up the goal-difference which eventually stood at plus 10 for the Netherlands and plus eight for Korea.
A splendid mix of professional efficiency and technical competence gave Germany a 5-2 victory over New Zealand to confirm the last four place and the top spot in Pool A with 11 points.
Line-up for semifinals and classification matches:
Semifinals: Germany vs. England; Australia vs. Netherlands;
Classification: 5-6: Korea vs. Spain; 7-8: India vs. Argentina; 9-10: New Zealand vs. South Africa; 11-12: Pakistan vs. Canada.
The results:
Pool A: Germany 5 (Christoph Menke, Florian Fuchs, Philip Witte, Moritz Furste, Matthias Witthaus ) bt New Zealand 2 ( Shea McCaleese, Brian Nicolas). HT 2-0.
Korea 2 (Woo Hyun Nam, Jang Ho Seo) beat Netherlands 1 ( Ronald Brouwer). HT 1-1.
Argentina 4 (Lucas Vila, Mathias Parades, Mario Almada, Tomas Innocente) bt Canada 2 (Scott Tupper, David Jameson). HT: 1-0.
Korea, the Asian powerhouse, missed the berth by a whisker after subduing the Dutch. The 2-1 victory for Korea was insufficient to cover up the goal-difference which eventually stood at plus 10 for the Netherlands and plus eight for Korea.
A splendid mix of professional efficiency and technical competence gave Germany a 5-2 victory over New Zealand to confirm the last four place and the top spot in Pool A with 11 points.
Line-up for semifinals and classification matches:
Semifinals: Germany vs. England; Australia vs. Netherlands;
Classification: 5-6: Korea vs. Spain; 7-8: India vs. Argentina; 9-10: New Zealand vs. South Africa; 11-12: Pakistan vs. Canada.
The results:
Pool A: Germany 5 (Christoph Menke, Florian Fuchs, Philip Witte, Moritz Furste, Matthias Witthaus ) bt New Zealand 2 ( Shea McCaleese, Brian Nicolas). HT 2-0.
Korea 2 (Woo Hyun Nam, Jang Ho Seo) beat Netherlands 1 ( Ronald Brouwer). HT 1-1.
Argentina 4 (Lucas Vila, Mathias Parades, Mario Almada, Tomas Innocente) bt Canada 2 (Scott Tupper, David Jameson). HT: 1-0.
