United Kingdom

In November, Prime Minister Gordon Brown led the way with a £ 20 billion ($28 billion) stimulus package of tax cuts and spending plans. In December, German Finance Minister Peer Steinbrück made headlines criticizing the British approach as "crass Keynesianism," but with the U.K. economy in a deep funk it's now looking as if — at 1% of GDP — it won't be nearly enough.

See pictures of London's financial crisis.

• 
• Click to Print

• Find this article at:
• https://content.time.com/time/specials/packages/article/0,28804,1873513_1873512_1873504,00.html