All the troubles of the Old World – Europe

All the troubles of the Old World – Europe

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All the troubles of the Old World - Europe

To understand the market outlook, it is worth to analyze and understand things about the development of global economies and their history. At present, the global confrontation between the two economies in the world, by and large, determined by geopolitical events. Europe is now in the spotlight and its economy is in a pretty interesting situation.

Economic depression, which now houses the Old World, perhaps more powerful than depression 30-ies of the last century. All those cost-saving measures, which were introduced, led to the fact that due to the very weak growth for a decade can be considered lost. Indeed, France and Germany give almost zero growth, while Italy has gone through a very deep recession and returned to the level of 2000, losing all the achievements.

During the period of the Great Recession, the economy of Europe has not been able to reach the levels of the pre-crisis period. If we compare with the United States, then in the 30s it for 7 years left on the previous level. But Europe is unlikely to be able to catch up with the United States for the remaining six months. According to experts TeleTrade, Europe now need to start the growth of inflation, but the ECB can not afford this. The reason is Germany, which fears seriously irresponsible behavior finance and permissiveness.

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