Economic future in the dark waiting for the euro
Shows that the great efforts made by European leaders during the last period out of the sovereign debt crisis for the euro zone, has been delayed so that it no longer able to save the region which includes 17 state-of-the specter of recession. After a year of turmoil capital markets, and declining investor confidence and a series of failed attempts by the political leaders of the European Union out of the clutches of the crisis, all the key indicators and economic studies indicate that the euro zone heading towards the black economy.A series of official statements issued recently, she pointed to the slowing economy in the euro area, as well as exports plunged and industrial output shrank, and dropped the book orders to the factories, and retail sales during the last few months. At the same time, the unemployment rate reached its highest level since the launch of the single European currency 13 years ago.Underlining the bleak picture of the economy, the European Foundation said «Market» Research and the London-based, that the confidence index of purchasing managers, who issued periodically, dropped to less than 50 points, which means entering the recession, where the index indicates growth when more than 50 points, and points to deflation when the fall from this level.After that it seemed that the economies of the euro zone stands at the foot fixed in 2010, supported by good performance of the German economy, Europe's biggest economy, the region has lost economic momentum during the current year while trying to contain the political leaders of the sovereign debt crisis. At the same time, attempts to search for solutions to the debt crisis of the list for nearly two years, caused differences within the political institutions of the Member States. And Germany in particular, a key player in the political differences between the partners of the euro, which called for the European Central Bank to play a greater role in the face of the crisis, and called on regional countries to adopt stricter rules to control the budget deficit has.To draw attention to the depth of concerns about the economies of the euro zone, joined the European Central Bank efforts to contain the crisis by lowering interest rates twice and inject billions of euros in capital markets, through a program to purchase Treasury bonds issued by euro zone countries struggling financially, such as Italy, Spain, and Portugal . At the same time blew attempts of European governments to contain the financial crisis a series of demonstrations against government policies in major European cities, has transformed itself in many cases to acts of violence and went to the extent of overthrowing the Governments of the nations in the heart of the crisis on Italy, Portugal, Greece, and Spain.In an additional attempt to keep the major economies in the euro area in the way of financial discipline, Mentbtan dismissed two governments in Greece, and Italy to replace them Mafattan of the two governments and technocrats committed to reducing the budget deficit and the rate of public debt. On the other hand, the sharp division within the European Union on ways to deal with the crisis emerged through the efforts of French and German to tighten the rules set the budget, while Britain refused to participate in these efforts has been the economies of the euro to an additional problem in the past months with the increasing threats of institutions of international credit rating cut classification of all the countries of the region, against the backdrop of sovereign debt crisis, which casts a pall over the region's economies in the new year.
Shows that the great efforts made by European leaders during the last period out of the sovereign debt crisis for the euro zone, has been delayed so that it no longer able to save the region which includes 17 state-of-the specter of recession. After a year of turmoil capital markets, and declining investor confidence and a series of failed attempts by the political leaders of the European Union out of the clutches of the crisis, all the key indicators and economic studies indicate that the euro zone heading towards the black economy.A series of official statements issued recently, she pointed to the slowing economy in the euro area, as well as exports plunged and industrial output shrank, and dropped the book orders to the factories, and retail sales during the last few months. At the same time, the unemployment rate reached its highest level since the launch of the single European currency 13 years ago.Underlining the bleak picture of the economy, the European Foundation said «Market» Research and the London-based, that the confidence index of purchasing managers, who issued periodically, dropped to less than 50 points, which means entering the recession, where the index indicates growth when more than 50 points, and points to deflation when the fall from this level.After that it seemed that the economies of the euro zone stands at the foot fixed in 2010, supported by good performance of the German economy, Europe's biggest economy, the region has lost economic momentum during the current year while trying to contain the political leaders of the sovereign debt crisis. At the same time, attempts to search for solutions to the debt crisis of the list for nearly two years, caused differences within the political institutions of the Member States. And Germany in particular, a key player in the political differences between the partners of the euro, which called for the European Central Bank to play a greater role in the face of the crisis, and called on regional countries to adopt stricter rules to control the budget deficit has.To draw attention to the depth of concerns about the economies of the euro zone, joined the European Central Bank efforts to contain the crisis by lowering interest rates twice and inject billions of euros in capital markets, through a program to purchase Treasury bonds issued by euro zone countries struggling financially, such as Italy, Spain, and Portugal . At the same time blew attempts of European governments to contain the financial crisis a series of demonstrations against government policies in major European cities, has transformed itself in many cases to acts of violence and went to the extent of overthrowing the Governments of the nations in the heart of the crisis on Italy, Portugal, Greece, and Spain.In an additional attempt to keep the major economies in the euro area in the way of financial discipline, Mentbtan dismissed two governments in Greece, and Italy to replace them Mafattan of the two governments and technocrats committed to reducing the budget deficit and the rate of public debt. On the other hand, the sharp division within the European Union on ways to deal with the crisis emerged through the efforts of French and German to tighten the rules set the budget, while Britain refused to participate in these efforts has been the economies of the euro to an additional problem in the past months with the increasing threats of institutions of international credit rating cut classification of all the countries of the region, against the backdrop of sovereign debt crisis, which casts a pall over the region's economies in the new year.
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