Eurozone sets bleak record of longest term in recession – FT.com

Countries using the Euro de jure Countries and...

Countries using the Euro de jure Countries and territories using the Euro de facto Countries in the EU not using the Euro (Photo credit: Wikipedia)

Chancelor of the Federal Republic of Germany D...

Chancelor of the Federal Republic of Germany Dr. Angela Merkel signing autographs on the open door day at the Bundeskanzleramt in Berlin, Germany Français : Dr Angela Merkel, chancelière de la République Fédérale d’Allemagne, signe des autographes lors de la journée portes ouvertes de la Bundeskanzleramt à Berlin, en Allemagne. (Photo credit: Wikipedia)

This is a very good article in the FT and well worth a read. Check it out!

Eurozone sets bleak record of longest term in recession – FT.com.

Personally, I think two actions are urgently required:

  • Fiscal loosing, especially in Germany, reducing the severity of austerity
  • Aggressive stimulus from the ECB, like the Fed and the BoE.

Sadly, I fear that German Chancellor Angela Merkel‘s government will continue to veto remedial actions, certainly until the election September.

Any thoughts?

 

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4 responses

  1. Pingback: Europe loosens the fiscal belt a notch – FT.com « Dr Alf's Blog

  2. Pingback: France should face up to its fears of a sombre future – FT.com « Dr Alf's Blog

  3. Pingback: German Press Says Extended EU Recession Shows Austerity Ineffective – SPIEGEL ONLINE « Dr Alf's Blog

  4. Pingback: Heroic Spain is damned if it does, and damned if it doesn’t – Telegraph « Dr Alf's Blog

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