Euro currency is constantly dropping, many different attempts have been initiated to jumpstart the economy, but no methods seem to work. 17 nations that currently use the euro dollar is experiencing an astounding 11.4% unemployment rate, this is substantially higher than 8.1% in U.S.A in the month of August. These statistic states that Europe’s recession is only getting worse.
In my point of view, there are minimal beneficial decisions that Europe can make alone, to improve the economy, Europe must seek help from other countries, but during economic depressions of U.S.A., many countries are afraid that they will only drag themselves down. Politicians need to act quicker and to recover Bank deficits, printing money to purchase bonds is a possible fix, although they must be careful to not cause inflation of the currency. Lowering interest rates may also help banks to recover over time with little government help.