Thursday, October 6, 2011
Be Afraid!
Due October 14, 2011. According to the article, what does Europe have to fear?? How does the author believe the world leaders should respond to the looming crisis?
Subscribe to:
Post Comments (Atom)
Welcome. This is a blog dedicated to the students enrolled in the CSHS AP Economics classes. Click on the title of the article, read, and click comment.
Europe's economy is quickly falling. They are about to go into a recession. Germany is reluctant to help boost the European's rescue fund. Countries are having a hard time now themselves to actually pay of there debt, and they don't have enough money to stimulate the world economies. The author thinks that some of these are unavoidable but they are fixable. He believes that the leaders are trying to save Europe's currency to help them survive.
ReplyDeleteEurope has to fear its regression of economic progress. Europe is in a lot of debt and the leaders can't unite on a decision to fix their overall economic state. Europe has to worry especially about Greece, as they have one of the worst economic statuses in Europe. Germany has the financial burden of helping the whole European continent reduce its debt. Additionally, the Euro, the main currency of Europe, is falling into a recession. He believes that world leaders are putting their priorities in order regarding fixing the economy. One of the crucial priorities is to fix the European banks. World leaders need to be aware of the fiscal decisions they make in this time of world-wide economic decisions.
ReplyDeleteWhat does Europe have to fear? A lot. The European economy is in bad shape and is getting worst. Overall the European countries have a great deal of debt that needs to be paid back. A main concern for Europe is Greece who is in terrible economic condition. This lessened the value of the Euro which presents an even worst issue. Germany is a bit hesitant about giving the funds needed to save the economy; however, they are the only country that could rescue the continent. The author believes that the world leaders need to get together and make a plan to improve the economy. The currency is an important issue that must be addressed by the world leaders. Ultimately it will take cooperation and great effort by the world leaders to boost the European economy.
ReplyDeleteEurope has to fear the possibility of an economic downturn. Countries like Greece and Italy are in debt, and the German banks which we are told can bail them out are actully being hurt too. The burden placed on Germany to solve the economic problem has not been taken lightly. The Germans reamain hesitant to rescue the rest of Europe and as I said earlier, they aren't in the best shape either. The author suggests that the leaders of the world get over their pety differences and disagreements and work together to improve the European/World economy. The author believes that this is now a time for the leaders to work together and focus more on the big picture than the usual irrelevancies.
ReplyDeleteEurope is about to be in a recession. Not only Greece and Italy are in debt, but Germany and other European countries are also in danger. The author talks about two mistakes policymakers have made that cause this kind of economic downturn. I strongly agree on the second reason which is about honesty, that "too many rich-world politicians have failed to tell voters the scale of the problem." This applies to the U.S. as well. We need to know the truth, what is really going on in our country, rather than what the politicians or the big corporations want us to know.
ReplyDeleteEurope's biggest fear right now is the possibility that it might experience a major recession. The continent's leaders are unable to stabilize the value of the Euro, and the continent is experiencing the consequences of other area's economic failures. The author of this article believes that in order to solve this problem, the world leaders must lessen the emphasis of short-term fiscal auserity over growth, which would correct the damage done by the Lehman crisis. The author also believes that Europeans need to be aware of this problem instead of being kept ignorant.
ReplyDeleteSo I just wrote this nice response for the questiona nd it did not save. I am now a sad panda =(
ReplyDeleteBasically what I said before was that Europe's economy sucks now and the euro is to blame. Greece is suffering the most and the world leaders are frantically trying to come up with a place to recover the continent. The European leaders are realizing that they need to do more and by "building a firewall around illiquid but solvent countries like Italy; bolstering Europe’s banks; and dealing far more decisively with Greece. The idea is to have a plan in place by the Cannes summit of the G20 in early November."
I honestly think Germany needs to step in and take care of it's neighbors.
this is rebecca! for some reason this blog won't let me use my e-mail so i used my AIM address instead
ReplyDeleteIts Kasey...I had the same problem as Rebecca but she had a good alternative so I did that too :)
ReplyDeleteThe article says that Europe is in danger of a major recession. Countries like Greece and Italy are the worst off and are turning to places like Germany to back them up. The author believes that the countries need to get together and work on strenghtening their currency and look at the long-term picture.
Europe has everything to fear. It's economy is quickly descending into an abyss as the euro is slipping into a recession. With pessimism from the Americans and the spineless policymakers who aren't whipping Europe into shape, they are doomed. Additionally, there's no one to bail them out; Germany, who they've looked to as the buoy, could not possibly reach the level of support needed. There aren't enough cushions help avoid the fall. The author suggests that Europe get off it's butt and use the resources needed to focus on improving their economy. The policymakers aren't helping much by ignoring the fixing needed in independent countries. In the end, there'll have to be multitasking and cooperation to heal the wound.
ReplyDeleteIt's clear that Europe is facing major issues. It's a ship sailing dead on into the maelstrom, and her captain and crew care not for what's to come. Maybe if the politicians realize that making the right decisions to save the economy will win them votes, they'll do the right thing. It's vital that the right decisions are made so that there's hope for economic recovery in the future. Caring too much about debt repayment and disallowing feasible structured repayment plans is what caused the second world war, have we learned nothing?
ReplyDelete