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The eurozone economy is in trouble. Unemployment in major economies such as France and Italy is still increasing and even the powerful German economy declined in the second quarter of this year. The IMF has revised its baseline forecast for this year down to a meagre 0.8% growth, and puts the risk of a eurozone recession as high as 40%, and the risk of deflation at almost 30%.
Action needs to be taken on several fronts: on monetary, fiscal, and incomes policy, together with structural reforms to boost investment.
originally posted by: drneville
Your probably right, here in Belgium is everything going south.
2 union strikes in the past month, and the 15th of december a nation wide strike.
BTW a minister (we have 14 of those) of the goverment here... average monthly income : 18 000 euro / 22 300 dollar
Time is running out for the eurozone
I also noticed in here several members whom have a hatred and as a passion for Russia would love nothing more to see Russia collapse first.
Your assumptions are astounding as the members your talking about have nothing against the Russian people, but have a problem with the man who is their president.
have nothing against the Russian people, but have a problem with the man who is their president.
How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment.
You might think that I am talking about the United States, but I am actually talking about Europe.
You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does. Most of the time I write about the horrible economic problems that the U.S. is facing, but without a doubt economic conditions in Europe are even worse at the moment. In fact, there are many (including the Washington Post) that are calling what is happening in Europe a full-blown "depression". Sadly, this is probably only just the beginning. In the months to come things in Europe are likely to get much worse.
originally posted by: Cobaltic1978
The Euro zone will collapse and the one reason for this is the monetary union.
How can an economy like Greece, which is reliant on the tourist industry, be controlled by the same fiscal system as Germany, a heavy industrial country?
All the while the gravy train, which is the E.U Government, carries on rolling.
So the Gurdian and other westren news outlets is credible when it fit's your agenda of spreading Russophobia agenda onto here even as far by supporting fascists?
Your quite wrong, these same members are the similar ones that have long gone and for claimed how well Libya and Syria will be without there leaders.
You're just like them.
It really doesn't matter if its either Putin or not whose in Russia your hatred of Russia and fear of them will still continue
You and some Americans are just upset that Putin is far more better of a statesman then Obama and thus his embarrassing your country.
Your probably thinking having an Republican would make Russia do what you Americans want, well the answer is no.
You and a few buddies are among the few people that love the EU so much without overlooking.
The Ukrankian Government approved on putting an American National on the Cabinet. If Russia does its an Invasion but if Americans picked in, thats fine?
And she is of Ukranian decent, but of course you knew that right?
Your assumptions are astounding as the members your talking about have nothing against the Russian people, but have a problem with the man who is their president. And I have to ask what is the difference between those who want the US to fall and the ones who you feel want to see Russia fail?