Memo assignment Example | Topics and Well Written Essays - 250 words

Memo - Assignment ExampleIn an saving that is suffering from economic crisis, austerity is non an option for the managers of that economy. However, even as austerity is chosen as a way to bring the economy back to its feet, it must be considered that that some aspects of austerity may actually lead to more wicked outcomes for the economy. This is what Bank of Spain Governor Luis Linde is arguing in his speech to the parliament is trying to explain (Jonathan, 2012). If for instance, the government reduces subsidy to pensioners, the ripple effect in the economy would be increased inflation and decreased market confidence by both local and foreign investors. For this reason, it is increasingly important that the government know exactly what to do in order to avoid making a bad situating even worse. Linde argued that for budget for the coming class will have to be optimistic as this is the only way to recreate confidence. This is true, considering that what the economy is tone for in investor confidence to allow increased economic growth.Jonathan, House. Spain Central Bank Chief Warns on work out Targets . 04 October 2012. 08 October 2012