Because this interesting news is about economic recession in European which relates to my major, international business, I chose this one. I think that the world economy is important for people daily life. People are the customer that spend money to buy product. Then they should realize what is going on in world market, and they also should know the government policy in economic recession which make them to adapt in the event. The information in the news points out that austerity is the best way to get rid of economic recession. According to the article Europe digs in on budget austerity ahead of G20 (2010), policy makers in European planed for austerity leading G20 meeting which advise that high cutting-cost will affect recovery. Merkel,German chancellor will keep the plan that saves 80 billion euros in the next four years (REUTERS, 2010). The U.S. warned against austerity, while Europe is in the different way. To sum up, European Central Bank agree with austerity.
This detail supports my writing and also helps me to be able to write it. In my point of view, I am not sure with this statement that austerity is the best way to do because just they will not have debt, and it saves a lot of money to the future. To sum up, I will use this new to support my term paper.
