Post by Eric Gajewski on Jul 31, 2015 16:00:39 GMT
TradCatKnight: The Economic And Financial Problems In Europe Are Only Just Beginning…
Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far. So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown. European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States. In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate. Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe. It is just a matter of time.
Yes absolutely correct.The economic meltdown is more spreading towards European countries even though its a complete Europe zone which has a common currency , work visas all over the Europe. Something.Something is really wrong behind it.May be the best resolution would be to become more self dependent and find out some other alternative ways to stabilize the economy and also make people more towards freelancing and business along with jobs.
Europe is certainly an important part of World Economy too.