At the end of the year, Occident have to face the worse situation on stagflation and high unemployment rate.
Ireland’s economy is hit by this debt crisis, the great housing bubble left a large sum of debt and excessive real estate industry, as well as these problems are difficult to be eliminated in short term.
Spain as one of the largest European economic entity, its economic situation is close linked to Euro. This November, the cost of debt financing rose 18% in Spain, it made investors daunting.
Euro institution’s flaw leads to one economy crisis after another, lots of European countries have to face big deficits. At the same time, under the global market integration, especially as the close relationship between US and EU, European weak economy situation has a negative impact on US’s economy recovery.
No matter EU or US, the governments’ attitude that to connive at asset bubble to overgrowth makes government cannot deal with currently problems efficiently.
No comments:
Post a Comment