Paris Skyline.....
Dubai Skyline
Singapore skyline
Posted on 10/10/2014 6:07:07 AM PDT by TigerLikesRooster
Eurozone in danger of repeating Japanese stagnation, IMF chief warns
By Benjamin Fox
BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and falling into a prolonged cycle of recession and stagnation.
Speaking on Thursday (9 October) ahead of the IMF's annual meeting in Washington DC, Lagarde said: “We have also alerted to the risk of recession in the eurozone", putting the likelihood of a drop in output at "between 35-40%, which is not insignificant".
“We are not saying that the eurozone is heading towards recession, but we are saying that there is a serious risk of that happening if nothing is done,” said Lagarde, adding that “in advanced countries, the recovery is being driven by the US and the UK. The eurozone and Japan are lagging behind”.
(Excerpt) Read more at euobserver.com ...
LOL
P!
P!
Beneficial crisis redux. They were saying it before Rahmbo “Dead Fish” Emanuel.
I feel dumb. I don’t understand this higher math, but it seems whenever governments attempt to achieve a goal they manage to accomplish the exact opposite!
Governments per se, or just leftist unaccountable governments?
Unfortunately it seems to apply to all. Nobody ever thinks about the unintended consequences. When laws are passed people adapt, but rarely do they respond in the way that is expected. In the case of leftists, I’m glad their policies fail.
Paris Skyline.....
Dubai Skyline
Singapore skyline
Paris Skyline.....
Dubai Skyline
Singapore skyline
Eurozone is not “in danger” of perpetual stagnation. Eurozone is DOING perpetual stagnation.
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