Author (Person) | Tilford, Simon |
---|---|
Series Title | CER Bulletin |
Series Details | No.71, April-May 2010 |
Publication Date | April 2010 |
Content Type | Journal | Series | Blog |
Everyone stands to lose if current economic trends persist in the eurozone, starting with Germany. If the countries with large external surpluses will not or cannot rebalance their economies, the struggling southern member-states will find it impossible to extract themselves from the mire, irrespective of what they do: their fiscal positions, for example, will not improve if their economies contract faster than they can cut public spending. The result would be ongoing slump and fiscal crisis in the south, perhaps even spreading to France. This would severely depress Germany’s highly export-dependent economy, making it all but impossible to prevent a steep rise in the country’s public debt. |
|
Source Link | Link to Main Source http://www.cer.org.uk/publications/archive/bulletin-article/2010/there-can-be-no-eurozone-stability-without-economic-growt |
Related Links |
|
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe |