Nah, Germany and France (even though they still don't like each other) will bend over backwards to keep this together even to the detriment of their own people.
If anything, it will be those countries who support Eurobonds that I think are the biggest threat.
Personally, I'd love to see this mess dissolved, but nobody wants my opinion
US/UK policies are going to ruin (or trying) EU. Any of those single countries can´t really affect Euro, as they don’t have “own money” anymore.
UK current policy backs the banks to maintain the property values (unsustainable). US by “making” paper money.
If you analyze the Euro crisis, it has two parts. First, it is a private debt crisis, exposed by the collapse of real estate markets around the world after US crisis- (everyone has forgotten about it and where it started).
Second, the collapse in non-government spending that created huge gaps throughout Europe. These output gaps drove increases in budget deficits.
Further, business investment is taking more money from the economy than it adds (no investment).
The Eurozone economic in fact is better than a year ago; the manufacturing PMI for January shows that the industrial sector is close to stabilizing. The improvement was led by Germany, but also Spain and Italy. The exception is France-.
China and Iran have no “direct” influence in Europe; in fact China has a stronger influence in US economy.
USA has now, a major problem that might affect ALL of us, (with the deadlock) as it does create unemployment and lack of consumption (US economy is driven by consumption). And no one is talking about it… here is where we ALL have to be alarmed and panning carefully.
Bogart_1960: The Eurozone economic in fact is better than a year ago; the manufacturing PMI for January shows that the industrial sector is close to stabilizing. The improvement was led by Germany, but also Spain and Italy. The exception is France-.
China and Iran have no “direct” influence in Europe; in fact China has a stronger influence in US economy.
USA has now, a major problem that might affect ALL of us, (with the deadlock) as it does create unemployment and lack of consumption (US economy is driven by consumption). And no one is talking about it… here is where we ALL have to be alarmed and panning carefully.
China grew less these past years due to the low consumption of the western countries.
in fact is the opposite, as we should just analyze "growth". China’s official 7.8 percent economic growth for 2012 is a “legitimate” 8 percent gain from 2011.
China’s GDP growth decelerated from 9.3 percent in 2011 and 10.4 percent in 2010, but growth arose from internal consumption. (the amount produce is greater than the year before)
China’s economy is likely to gain strength in 2013.
Bogart_1960: in fact is the opposite, as we should just analyze "growth". China’s official 7.8 percent economic growth for 2012 is a “legitimate” 8 percent gain from 2011.
China’s GDP growth decelerated from 9.3 percent in 2011 and 10.4 percent in 2010, but growth arose from internal consumption. (the amount produce is greater than the year before)
China’s economy is likely to gain strength in 2013.
I dont know how to add a pictures here !!
Perhaps I misunderstood what I read, about China exportation to the western countries.
Now you know how to add a pictures here, isn't it?
Although we (USAers) don't like the exchange ratio between U.S.A. and EU dollars, We're all hoping the unemployment rate in the EU and the EU economy gets better sooner than later!
The whole lot of them, FIAT currency historically has always failed. There is not one example where FIAT ( Fix it again tomorrow ) currency has ever succeeded for more than a few hundred years before failing.
France and Francois Hollande... Has anyone been to Paris recently? It's frightening to see a major White capital city in that state and to that extent of poverty and degradation.
microherd: The whole lot of them, FIAT currency historically has always failed. There is not one example where FIAT ( Fix it again tomorrow ) currency has ever succeeded for more than a few hundred years before failing.
It's going to take a lot more than changing the make up of the currency to even come close to regaining our old position. Thinking solely as a monetarist is what got us into this to begin with.
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Which country is going to ruin the eurozone?(Vote Below)