It is the neoliberal stance now demanding austerity for Greece, Ireland, Italy and
other Eurozone economies.
Not exact matches
The
Eurozone's
economy slipped in the third quarter as the slowdown in China and
other emerging markets more than offset the benefit to consumers from low oil prices.
Some of that is for good reason — the
eurozone's recovery is still extremely modest, China's growth is slowing (along with most
other emerging markets) and investors are uncertain over the ability of the halfway - recovered US and UK
economies to sustain higher central bank interest rates.
Against that background, one might justifiably ask whether it makes sense to have one
economy (the United States) in a tightening monetary policy cycle, while the
other (
eurozone) presses on with its more accommodative easing program.
The
eurozone has undergone a loosening of the traditionally positive correlation between growth and inflation also seen in many
other parts of the global
economy.
On top of the existing internal problems of «lowflation,» shorthand for ultra-low inflation, weak demand and anemic credit growth, the deterioration in the external backdrop over much of 2014 — rising geopolitical tensions with Russia, and the slowdown of the Chinese
economy and many
other emerging markets — has made a rapid return to meaningful growth across the
eurozone unlikely, in our view, despite some positive signs, including the stabilization of many peripheral
economies and the boost in competitiveness from the weaker euro.
Other major
economies, particularly the
eurozone, are decelerating a bit, and that's raising concerns that those
economies may be falling back into a recession.
Other risks on the list include a sharp slowdown in the Chinese
economy, a fracture of the
Eurozone and Britain's possible departure from the European Union.
Northern
economies have to accept that they need to provide the necessary resources to help
others in the
Eurozone reform their
economies and prosper.
If Cable were serious on the
economy, he would have called for rallying round Europe, rebutting Tory
eurozone attacks (a unique role for the Lib Dems) to save ourselves and the world
economy, the UK, the US, the Swiss — and all
others who need to stand together and contribute to a global emergency fund, and a general agreement on universal stimulus and growth, or we're all lost.
Yes, there were
other problems, bureaucrats in Brussels, seeking human perfection though regulation, helped to strangulate a previously more competitive
Eurozone economy.
By keeping my currency exposure to both the US and the
Eurozone I at least have some protection (for some of my assets) in the worlds two biggest
economies plus to a lesser extend
other developed / emerging markets.