The Euro is recovering how long will it take to see the end of the recession
I would differ with you that the Euro is recovering. There was a trillion dollar bailout recently with the bulk of that going to Greece. But without fixing the problem of overspending that trillion dollars will disappear quick. So, yes, the stock markets recovered in the short-term. But Greece, Spain, Portugal, Ireland, and other EEU countries still haven't resolved their internal fiscal problems.
So I'm guessing there will be another bailout coming. But it's like throwing money into a bottomless pit. And another trillion dollars will likely break the bank. Further, a double digit recession is predicted in the U.S. sometime in the fall. So I wouldn't hold my breath about any sustainable recovery.
The double digit recession predicted in the U.S.does not need to happen through better management of the economy ,Greece is restructuring its economy Spain,Portugal,Ireland are already growing and have a lower rate of Debt than the U.S. I think It is only a matter of time before the rate of growth will force rates to increase
by RighterOne5 years ago
How do you expect the Fiscal Crisis of the Euro to end?And do you think that the US and China are doomed to follow the same fate?
by DowntroddenInDC5 years ago
Who do you think will bail on the Euro first, Germany or Greece?
by Holle Abee7 years ago
WHY are we helping to bail out Greece when we're broke? I mean, I feel sorry for the Greek citizens, but can we really afford this right now?
by nightwork47 years ago
when will we take the blame for the recession?people are blaming the government for it but we let the government have this much power. if you new that bailouts and huge loans weren't going to help, isn't it your...
by tipstoretireearly5 years ago
Who will blink first: Greece or Germany? Or will both sides put Europe into a tailspin?
by Dave McClure6 years ago
Greek Prime Minister George Papandreou has decided that the Greek people should be asked whether or not to accept the rescue package negotiated by the Eurozone leaders. The 'rescue' package, of course, came with strings...
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