It all started when the subprime crisis exploded in US. Those packages had been sold to EU banks. And in some countries like in Spain they had an overdeveloped construction.
I suggest you checking my article FORECASTS FOR 2011 where you can see how US QE and the decrease of the US dollar makes a retrofeedback (negative, of course)in EU countries highly reliant on tourism that have been damaged for something that worsens their recession: a very high euro.
Al last remember we are in the same ship. If it sinks, we sink all together. So, if the world is bad, EU cannot export the same as before.
by karl4 years ago
If the EU is such a wonderful economic powerhouse why is it all the parts of the jigsaw puzzle are starting not to fit together?http://www.bbc.co.uk/news/business-22462604It seems the structure is flawed.........
by Sam13 months ago
Places like sweden and germany have had a massive increase in rapes and assaults. Not only that but there are many areas in europe where police will not even go, it's basically claimed Muslim sharia jurisdiction. Women...
by ntmarketing5 years ago
Is Europe going to have a double dip recession in Q3 of 2012?
by ifunny4 years ago
Is it best to visit one county for about 12 days. eg. Just France Or Germany Or Netherlands, Germany and France?
by Ralph Deeds4 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess...
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