As many will admit, all is not well in the Euro Zone. Whilst news from America and Britain remains somewhat positive, Continental Europe is undergoing its biggest economic threat since the Great Depression in the early 1930s. With a drop in spending, demand and a rise in loan defaults, Europe is descending into deflation, a situation worsened by Germanys fixation with inflation which has its benefits in keeping economies rolling. As the debt burdens of many European countries soar and populist politicians gain ground, sooner or later the Euro will collapse.
Posted on: Thu, 23 Oct 2014 17:19:17 +0000