The recently announced EU Personal Bailout Grant for individuals has received rave reviews from some of the world's most respected economists. Following are some of the comments being made. I'll start the list with the most notable one so far made by Economist
"the smartest move ever made in the history of modern macro-economics"
"Micro propping of macro-economic structures via a bailout grants is the fastest path to a domino effect and is a very ingenious way of controlling the credit crunch."
"The grant is a bold step that shifts focus from the big guys to the little guys. 20 years ago such a move would have been seen as downright crazy but today it may just be the tonic that the world needs"
"Europeans must have very brilliant economists to have been able to come up with this idea...a sure recipe for success"
So who's against the Bailout?
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