The number of beggars in Greek cities has increased dramatically. Photo Credit: Portokalis / Shutterstock.com
Although recent market data have pointed to possible signs of recovery, the European debt crisis is still nowhere close to going away. What’s more, during the past half a decade, prosperity levels have stagnated or fallen so dramatically across Southern Europe – that even if the region would ultimately recover, it will be a far different Europe from what we’ve known from the past.Although recent market data have pointed to possible signs of recovery, the European debt crisis is still nowhere close to going away. What’s more, during the past half a decade, prosperity levels have stagnated or fallen so dramatically across Southern Europe – that even if the region would ultimately recover, it will be a far different Europe from what we’ve known from the past.
BRUSSELS - The second quarter GDP figures for the Euro-area economies indicated growth, for the first time in 18 months.
See Also links url: http://www.economywatch.com/economy-business-and-finance-news/will-europes-austerity-lead-to-another-great-depression-dan-steinbock.15-03.html Title: Will Europe’s Austerity Lead To Another Great Depression?: Dan Steinbock See Also type: Reference url: http://www.economywatch.com/features/italy-could-reignite-the-european-crisis.30-08.html Title: Europe’s Weakest Link: Why Italy Could Reignite The European Crisis See Also type: Reference |
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