Risk of economic slowdown. He says the G20 group of 19 rich and emerging countries plus the European Union. The European Central Bank (ECB) also is very concerned about rising inflation, five tenths in the euro region. The G20 alarm somewhat and the ECB is threatening to raise interest rates. The Central Bank of Spain, to make matters worse, knowing that prices had risen slightly in October, proposed wage moderation.
More? According to the OECD herself in seven years, from 1999 to 2006, labor costs increased 3.7% a ridiculous Spain. In that same period, corporate profits grew by 73%. Should we say more? The excessive concern about inflation and economic slowdown may camouflage more serious problems that really gangrenous global economy. Of course, the runaway inflation is a real danger to ordinary citizens, for small and medium enterprises. And carries a considerable economic downturn suffering for most people, but up to the altar of inflation and economic growth smelly. It may be recalled, for example, that Brazil has grown during every one of the twentieth century, but also increased the poor and inequality: a rich minority and an impoverished majority. And is not the only case. Perhaps there are other reasons besides inflation, the economy does not work at all and the world's wealth is so unequally distributed. Why do not you worry a little, just a little, the Central Bank, G8, G20, IMF, World Bank, OECD, WTO and company get their hands on the ill-fated 'tax havens', such centers designated by the euphemism offshore? One of the biggest scams in the world, indeed.