ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

The IMF Sees European Spring

Updated on October 16, 2012
IMF Managing Director Lagarde is concerned at what she sees
IMF Managing Director Lagarde is concerned at what she sees

It's Not Your Father's IMF

The October 2012 IMF World Economic Outlook made a gloomy prognosis on the Global Economy. The loss in economic momentum that appeared in August looked set to continue.

Commentators were quick to observe that this current IMF is not the same as those that have gone before. Under Christine Lagarde, the IMF seems to be much more pro-growth and less fiscally austere; for certain selected economies. The economies selected for pro-growth suggestions; are in general the large economies that drive the Global Economy. Small economies, such as Greece, which have an insignificant contribution to global GDP, are still advised to apply austerity to get their fiscal houses in order however.

Despite the pro-growth warm feel of the lastest IMF behaviour; there is a hint of cold steel remaining beneath the surface. The infamous "Lagarde List" of corrupt European elites, has been circulated in the European capitals; and some of the transgressors have already taken the Hemlock. It would seem that in order to justify the shared commitment to European solidarity and transfer payments from North to South, that heads of those associated with the fiscal corruption of the past must roll. European fiscal and political union is easier to sell to voters, when they can see that those associated with its negative connotations are being locked up.

European Recession is more Probable than Possible
European Recession is more Probable than Possible | Source
European Unemployment matches MENA Unemployment
European Unemployment matches MENA Unemployment | Source

European and Arab Spring

The most alarming signals in the report came in relation to Europe. The IMF believes that the probability of recession in Europe is the highest in the Global Economy. In addition, European Unemployment is expected to escalate higher to the level seen in the Middle East North Africa (MENA) region. This compare and contrast statistic, with the MENA region, is an economic study with ominous political undertones. When one considers that the "Arab Spring" was projected against a background of high unemployment, especially amongst young males, the political undertone becomes clear. Looking through the data, one can see that European unemployment has a strong male youth dynamic. In addition, it is highest amongst male immigrant communities, many of them Muslim. The combination of male indigenous and immigrant youth employment is a volatile combination. Thus far, this volatility has been exploited by Far Right political parties and Religious Extremists.

"European Spring", if and when it comes, will have its own idiosyncrasies; based upon the volatile combination of indigenous and immigrant male youth unemployment. It may become impossible to distinguish between "European Spring" and "Arab Spring"; during the Fog of War, especially in nations that border the Mediterranean.

"European Spring" has already begun with the Witch Hunt of those on the "Lagarde List". Unemployed male youths may enjoy watching this spectacle. However if it does not deliver jobs, the public spectacle will be short-lived; and soon replaced with something violent made locally.


    0 of 8192 characters used
    Post Comment

    • profile image


      3 years ago

      Hi Dwaye,There's a lot of value with your videos. Great job of lyinag out the´╗┐ core concepts of keyword research. People that need to learn more about these concepts are sure to benefit from this high value lesson!All the best,Jim Jinright

    • KeySignals profile imageAUTHOR


      6 years ago from Dubai


      Thanks for this useful link. In fact, all the links posted by coolissues on its site are very useful.

    • profile image

      James Tomson 

      6 years ago


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)