OECD warns recession is “taking hold” of Euro zone including largest economies

Friday, September 7th 2012 - 02:55 UTC

Full article 6 comments

Europe's debt crisis is pushing the 17-country Euro-zone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said in a report. Read full article

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vestias
Se a zona do Euro está debaixo das medidas de austeridades todos nos sabemos que o contagio esta afectar as maiores economias da europa esperamos que as economias não entrem mais para dentro do fundo do buraco senão no futuro encontramos a europa como modelo
Sep 07th, 2012 - 10:15 am - Link - Report abuse 0
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LightThink
Voce tem qualquer outro modelo ?
Sep 07th, 2012 - 06:21 pm - Link - Report abuse 0
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British_Kirchnerist
Austerity isn't working
Sep 08th, 2012 - 05:38 pm - Link - Report abuse 0
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ManRod
of course austerity works!
Germany is almost the only country having a positive balance in Europe, it might be dragged down due to their sick and foul enviroment in the continent, but it's not Germany's fault...
In South America, the 2 fastest and most stable growing nations (Peru and Chile) have balanced budgets, clear evidence it works.

Every sane mind will understand this: The opposite of austerity always converts into a snowball. Governments get used on spending over the top, this behaviour converts into obligations after a while and the lobbies will push to keep their monetary “achievements” that might work for some time, but 100% fail in times of crisis an slowdown (which is a natural and reocurring now and then)
Sep 08th, 2012 - 06:34 pm - Link - Report abuse 0
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British_Kirchnerist
#4 And who has gone through more austerity, Germany or Greece???
Sep 09th, 2012 - 05:41 am - Link - Report abuse 0
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ManRod
BK: #4 And who has gone through more austerity, Germany or Greece???

Considering their own GDP, productive base and rate of borrowings, Germany by far of course! What did you think?
Sep 14th, 2012 - 12:31 pm - Link - Report abuse 0
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