(AP / Virginia Mayo)

Europe today is still facing an economic crisis. Specifically Germany, despite finally getting out of its financial debt, still has a problem, starting up the economy again. There are a number of reasons concerning the reason why the economy in Europe is being held back. The article states a variety of factors ranging from government policy to the refusal of consumers to spend more money to subsequently help start back up the economy.

With this jumble of concerns and issues circulating around Europe’s failure to quickly recover from their financial debt and resolve their poor economy, it’s extremely difficult for European governments to effectively set up a strategy in order to efficiently resolve their debts. Furthermore, as Europe as a whole is facing this problem, governments need to cooperate and effectively coordinate a strategy in order for all parties to reach the same goal of financial recovery. However, this will require strong coordination between governments, strong communication, and regardless of the strategy that the governments decide to implement, either consumers, banks or government policy or perhaps all parties will have to compromise in order for the economy to start back up again.

http://www.ctvnews.ca/world/as-eurozone-economy-shrinks-gov-t-debt-loads-grow-1.1042272