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Euro Crisis
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TOPIC: Euro Crisis

Euro Crisis 4 years, 9 months ago #931

Can europe survive the debt crisis of Greece. Greece is on the brink of collapsing but not sure whether it will take entire europe with itself....

Re: Euro Crisis 4 years, 9 months ago #933

  • Anandbl2
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ya greece is going to be 1 of the worst country thr pepole only wants the securities money only.
and their pepole are so stupid ther expectations are very high in terms of salary.i saw the video on national geo. there 1 lady said that iam getting 12 lac for fixing the rubber or plastic on cars staring.wht a rubbish

Re: Euro Crisis 4 years, 9 months ago #936

Italy, Spain and Portugal will all see a sharp fall in GDP this year, thhe euro-zone economy as a whole may be shrinking, after GDP fell in the fourth quarter. The fear of this have spilled over the bond markets....

Re: Euro Crisis 4 years, 9 months ago #938

one of the problem is that germany is having very high trade deficit with european countries..

Re: Euro Crisis 4 years, 9 months ago #941

Europe is trying to come of woods, Ireland has regained competitiveness. Spain’s new government won a big mandate last November that may bring about change, the work has already started. It has announced reforms of its rigid labour laws which will help in reducing high unemployment. Italy’s new prime minister, Mario Monti, has already passed a pension reform and is soon to propose labour reforms of his own. All these changes are helping but when europe will totally come out of the crisis remains to be seen

Re: Euro Crisis 4 years, 9 months ago #948

Portugal is also at risk. It has a very high debt, not as high as that as Greece. It has a very large fiscal deficit and most importantly Portugal has the slowest rate of growth in the Euro zone for many years, so the likelihood that it can grow itself out of debt is very low

Re: Euro Crisis 4 years, 9 months ago #951

europe may have to do lot of restructuring on the tax on income. I believe that is the only way for governments to raise money after the bailout package is over..

Re: Euro Crisis 4 years, 9 months ago #952

  • poojad
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Europe is America’s largest trade and investment partner. Anything turmoil in europe will directly affect the sentiments in US which itself is recovering from crisis. The overall image can be very damaging for US financial system.
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