The European economy has stopped scaring financial markets since the financial crisis of Greece, however analysts say the Eurozone is still in a recession, and likely to remain in one until 2014. Without economic growth, there wont be enough money to pay down the debts of countries such as Greece, Italy, and Portugal.
There are several reasons that the growth of the European economy is being impeded. The banks are shaky, customers are holding back on their purchases, and there is anti-business legislation that makes it nearly impossible to trim down on workers during poor economic times. So what is Europe going to do during these next few years?
In all likelihood, the European economy will do everything it can to keep the Euro afloat, the rich countries will continue to give to the poor in hopes of trimming their deficit margins, and Europeans will carry on despite economic troubles. And when the economy finally recovers, the poorer countries will try to stop this drain on the Eurozone from happening again.
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