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EU countries suffering the impact of the debt crisis, from the earliest Greek to the nearest Ireland, and the current precarious in Spain, Portugal, Belgium and Italy, Europa has long been the fall of mainland China's dire straits in which the financial crisis. However, Europe's largest economy, Germany, has shown very strong development momentum, becoming a single show.
Germany's unemployment rate fell from December 1992 the lowest point since. Currently, the number of unemployed in Germany in November 314,000 people for 17 consecutive months of decline, representing a decrease of about 90,000 people after the unemployment rate was 7.5%. Economists had expected a decline in the number of about 20,000 people.
World-renowned rating agency Moody's Investors Service said that due to the recent turmoil in financial markets in Europe. Hungary "debt situation" may be worse than previously expected, is being re-examination of the Hungarian sovereign debt "Baa1 grade" rating, and consider its reduction.
Germany: The Unbearable Burden
Other countries in the euro zone in deep mire of debt crisis, while the German economy is excellent. Outside agreed that Germany will become the leading euro-zone out of the debt crisis of the leader. European Economic and Monetary Affairs Commissioner Olli. Rehn has said in a speech in Brussels, Belgium: "German economic recovery to the good and the other members will play a substantial positive effect." Experts estimate that Germany's GDP growth this year will be 3.7%, and next year this figure will reach 2.2%.
However, the German people and the government does not seem to agree with Oliver. Rehn view. German Chancellor Angela Merkel believes that the EU member states with high debt posed a threat to the euro, she proposed to set up a two-stage crisis management mechanism, which determined the future euro countries the debt crisis from happening again, bond investors have to share losses.
U.S. ACF Consulting CEO Dr Garretts in the following German Chancellor Angela Merkel called for the EU to modify the Covenant, the German people, government and the economy will
be overwhelmed, it may decide to withdraw from the euro zone, Germany. Earlier in aid to Greece, Germany, that his attitude is becoming increasingly reluctant to provide aid.
Meaning the face of the withdrawal of German, Greek Prime Minister Andreas Papandreou said recently, Germany's position on solving the debt problem will lead to spiraling interest rates in Ireland and Portugal. He also pointed out that Germany's position on the European debt crisis could lead to fragmented aid, forcing some countries go bankrupt.
There is no doubt that Germany in the current debt crisis and the European Union in Europe plays an important role. Germany ten years to achieve economic and social development, to change the way the outside world has changed, "Europe's inability reform" ideas. Germany is now the geographical center of Europe, a well-deserved, economic centers and political centers.
I am afraid the euro area split?
As the crisis spread further, the famous American independent investors, GartmanLetter publisher Dennis. Gartman said on Monday in the face of the euro group, "is almost the ultimate question" may soon collapse.
Gartman pointed out that the different European languages, religions and cultures is difficult to make the effective functioning of the Single Euro. He believes that European debt issues will not receive assistance with the end of Ireland, Spain, Portugal-related issues will follow. The euro zone will eventually split into North and South euro zone.
Then worse thing is that the European Commission in its autumn economic forecast on Monday, the report predicts a 16-nation euro zone 2011 growth in overall GDP from 1.7% in 2010 to 1.5%.
Deutsche Bank in New York's top ten industrial countries, global head of currency strategy at AlanRuskin said on Monday that the euro area eastward spread of the trend toward the crisis intensified. He pointed out that there are close links with the euro-zone economy at risk, may be implicated.
For Moody's said the Hungarian sovereign debt rating cut, mainly because on July 29 Hungary 10-year government bond yield climbed to more than 1 year to the highest level. 5-year credit default swaps rose to 376.89 basis points to create a new 11-week high, 10-year government bond yields also rose to 8.3%.
Germany's unemployment rate fell from December 1992 the lowest point since. Currently, the number of unemployed in Germany in November 314,000 people for 17 consecutive months of decline, representing a decrease of about 90,000 people after the unemployment rate was 7.5%. Economists had expected a decline in the number of about 20,000 people.
World-renowned rating agency Moody's Investors Service said that due to the recent turmoil in financial markets in Europe. Hungary "debt situation" may be worse than previously expected, is being re-examination of the Hungarian sovereign debt "Baa1 grade" rating, and consider its reduction.
Germany: The Unbearable Burden
Other countries in the euro zone in deep mire of debt crisis, while the German economy is excellent. Outside agreed that Germany will become the leading euro-zone out of the debt crisis of the leader. European Economic and Monetary Affairs Commissioner Olli. Rehn has said in a speech in Brussels, Belgium: "German economic recovery to the good and the other members will play a substantial positive effect." Experts estimate that Germany's GDP growth this year will be 3.7%, and next year this figure will reach 2.2%.
However, the German people and the government does not seem to agree with Oliver. Rehn view. German Chancellor Angela Merkel believes that the EU member states with high debt posed a threat to the euro, she proposed to set up a two-stage crisis management mechanism, which determined the future euro countries the debt crisis from happening again, bond investors have to share losses.
U.S. ACF Consulting CEO Dr Garretts in the following German Chancellor Angela Merkel called for the EU to modify the Covenant, the German people, government and the economy will
Meaning the face of the withdrawal of German, Greek Prime Minister Andreas Papandreou said recently, Germany's position on solving the debt problem will lead to spiraling interest rates in Ireland and Portugal. He also pointed out that Germany's position on the European debt crisis could lead to fragmented aid, forcing some countries go bankrupt.
There is no doubt that Germany in the current debt crisis and the European Union in Europe plays an important role. Germany ten years to achieve economic and social development, to change the way the outside world has changed, "Europe's inability reform" ideas. Germany is now the geographical center of Europe, a well-deserved, economic centers and political centers.
I am afraid the euro area split?
As the crisis spread further, the famous American independent investors, GartmanLetter publisher Dennis. Gartman said on Monday in the face of the euro group, "is almost the ultimate question" may soon collapse.
Gartman pointed out that the different European languages, religions and cultures is difficult to make the effective functioning of the Single Euro. He believes that European debt issues will not receive assistance with the end of Ireland, Spain, Portugal-related issues will follow. The euro zone will eventually split into North and South euro zone.
Then worse thing is that the European Commission in its autumn economic forecast on Monday, the report predicts a 16-nation euro zone 2011 growth in overall GDP from 1.7% in 2010 to 1.5%.
Deutsche Bank in New York's top ten industrial countries, global head of currency strategy at AlanRuskin said on Monday that the euro area eastward spread of the trend toward the crisis intensified. He pointed out that there are close links with the euro-zone economy at risk, may be implicated.
For Moody's said the Hungarian sovereign debt rating cut, mainly because on July 29 Hungary 10-year government bond yield climbed to more than 1 year to the highest level. 5-year credit default swaps rose to 376.89 basis points to create a new 11-week high, 10-year government bond yields also rose to 8.3%.
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