Tuesday, January 13, 2015

Wall Street Journal: Brinkmanship Returns to Eurozone | Ukraina.ru

Western sanctions on Russia and its response measures were partly responsible for the united Europe to stick in the crisis in 2014 despite analysts’ predictions

Europe has probably never been so close to disintegration as it is now, The Wall Street Journal writes.

The eurozone was presumably to get out of the debt crisis that year, the year when the economic growth would come back alongside with consumer confidence and new jobs. But things went the wrong way in 2014, the newspaper notes.

The Ukrainian crisis and western sanctions on Russia which had a particularly negative effect on German companies are not the only contributors to the current situation. The Wall Street Journal also marks slower economic growth in China and in other emerging economies.

Besides, reforms and austerity policies failed to solve structural problems of many European economies. Thus, Spain, Portugal and Greece are already weary of such changes. Budget cuts in France and Italy had to be restrained under the pressure from the opposition, the newspaper claims.

Complete story at - Wall Street Journal: Brinkmanship Returns to Eurozone Ukraina.ru

No comments:

Post a Comment

All comments subject to moderation.

Recommended Reading via Amazon

If you're seeking more information about how the world really works, and not how the media would want you to believe it works, these books are a good start. These are all highly recommended.

If you don't see pictures above, you likely have an adblocker running.  If so, here are the links.

1. The Shock Doctrine - Naomi Klein
2. Confessions of an Economic Hit Man - John Perkins
3. Manufacturing Consent - Edward Herman, Noam Chomsky
4. Gladio - NATO's Dagger at the Heart of Europe - Richard Cottrell
5. Profit Over People - Noam Chomsky
6. Soviet Fates and Lost Alternatives - Stephen Cohen
7. The Divide - American Injustice in the Age of the Wealth Gap - Matt Taibbi

How this works.  Follow one of the links.  Should you decide to buy that item, or any item, I get a small percentage, which helps to maintain this site.  Your cost is the same, whether you buy from my link or not.  But if the item remains in the cart too long, I don't get a thing.  
Related Posts Plugin for WordPress, Blogger...