Saturday, May 18, 2013

WORLD WIDE SLOW DOWN (GERMANY)

I DO NOT BELIEVE GERMANY WILL BRING THE EURO OUT OF ANY SORT OF CHAOS i FIRMLY BELIEVE THAT GERMANY WILL LEAVE THE EURO SOON AND TAKE  CARE OF THEIR OWN COUNTRY MEN AS MUCH AS THEY WOULD LIKE TO KEEP THE EURO ZONE FROM COLLAPSE

GERMANY WILL MAKE A VERY TOUGH DECISIONhttp://news.yahoo.com/germany-ekes-growth-france-slides-recession-065110519.html


By Robin Emmott and Sarah Marsh
BRUSSELS/BERLIN (Reuters) - Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.
Falling output across the bloc meant the 17-nation economy is in its longest recession since records began in 1995.
It shrank 0.2 percent in the January to March period, the EU's statistics office Eurostat said on Wednesday, worse than the 0.1 percent contraction forecast by a Reuters poll.
"The misery continues," said Carsten Brzeski, a senior economist at ING in Brussels. "Almost all core countries bar Germany are in recession and so far nothing has helped in stopping this downward spiral.
As well as France, the economy shrank for the quarter in Finland, Cyprus, Italy, The Netherlands, Portugal and Greece. Data last month showed Spain's economy contracted for a seventh consecutive quarter.
Germany, which generates almost a third of the euro zone's economy, grew by a weaker than expected 0.1 percent, skirting the recession that France succumbed to, but highlighting the devastating impact of the euro zone's debt and banking crisis that has driven unemployment to a record 19 million people.http://news.yahoo.com/germany-ekes-growth-france-slides-recession-065110519.html

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