Hi Val
Take a generous helping of weak government, a sprinkling of intransient unions and mix with the failure of the European Central Bank to take any positive action and what do you get?
Recession with stagnation just around the corner.
A view from the dogbed!
TC
Malc says: the last may relate to Germany, but surely not the first two. France, Germany and Italy all experienced low or negative growth, but Spain, Portugal and Netherlands for example did quite well. The main problem seems to lie with the ECB and the value of the euro. But the bank is unwilling to act until France and Italy in particular address "structural problems".
Comments to taglines82@gmail.com
Malc says: the last may relate to Germany, but surely not the first two. France, Germany and Italy all experienced low or negative growth, but Spain, Portugal and Netherlands for example did quite well. The main problem seems to lie with the ECB and the value of the euro. But the bank is unwilling to act until France and Italy in particular address "structural problems".
Val
Tell Malcolm that I was referring particularly to France and not a general comment on the rest of the EU, however, I’m afraid that the value of the Euro is inextricably bound up with the position of the ECB on monetary policy and their attitude towards any form of quantative easing (see Ambrose Evans-Pritchard’s article in the Telegraph of the 14th August).
Regards
Tony
Malc says: that is exactly where I got the info for my comment.
Malc says: that is exactly where I got the info for my comment.
