Thursday, December 29, 2011
The crisis is not easily overcome
The last days of 2011 are slowly drifting, "debt crisis" is probably the phrase most talked about and causing fear to the point no one wants to hear one more time. But the danger of "epidemic" comes from Europe that it can not be forgotten.
From the center of patient financial storm unprecedented in history, the information is not happy to continue covering the Christmas season was on the former continent.
Do not just say instead, following claims by two orders lower credibility of Belgium to AA3, the Moody's ratings immediately move similar to Slovenia, the country was badly hit by the storm of public debt. A1 level of confidence that this country has "leader" as previously warned that "sweeps" ratings in the old continent is likely to continue to reach the weakest link of each continent. Despite complaints that seem the ratings were too strict, follows Moody's, respectively S & P and Fitch put out the warning said the prospects slim for a comprehensive solution to neutralize the crisis is doing storm in the euro area Europe (Eurozone). Thus, early exit hopes debt crisis and financial turmoil in Europe that it is difficult to see in the coming days.
Even experts in Europe began to look at the facts had been previously hinted Eurozone economy may fall back into recession early in 2012. Been challenged by Greece of danger extends along the sudden change from the pillars seemed difficult to "dump" like Spain, Italy and now France, the first month of the coming new year will be time is vital for the survival of the largest monetary union in the world. To receive news, not just the forced efforts of Athens that the economic stabilization policies by "austerity" of the new government in Rome and the firm's Paris is extremely important role. Thus, surprisingly low score: 79 negative, about the economic outlook Monday that the leader of Europe achieved in the latest survey in 51 countries has caused no little anxiety. Down 20 points compared to 2010 and reached its lowest level since the survey in 1978, the year when the oil crisis affecting the global economy expressed pessimism about the economic situation France. Not to adopt draconian measures spending, but high inflation, purchasing power and reduce social welfare started getting worse ... These are issues that the government of President Nicolas Sarkozy faces to restore its image before the credit assessment is poised deposed AAA credit rating that France is holding. Not just the simple words, when Paris lost a position at a major disadvantage would be the whole of Europe with the same pair France - Germany is considered the source is always hope for a brighter tomorrow for the Eurozone.
Certainty is essential in boiling oil on the fire burns today. It should also acknowledge the efforts of European leaders in preventing the spread of the disease of debt. Agreed to "donate" 150 billion euros to the International Monetary Fund (IMF) loan for additional funds to support the continent resolve the crisis caused a headache now. "Cry" from the Eurozone President Jean-Claude Juncker proposed G-20 and other major partners worldwide investment in the bailout effort for the region through the IMF is clearly a move, The former confirmed the mainland is doing all it can to survive.
There is no denying that the constant meetings and decisions adopted, despite difficulties in the past have initially prevent problems such as "time bomb" in the former continent have exploded beneath the world financial system. The fact was recognized at this time Europe needs to respond to a new type of crisis from the problems that the whole political system and economy. There have been predictions that the old continent could gradually escape from the shadow of debt between 2012 and the world are very inclined to believe this optimistic outlook.
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