Eurozone heads for further financial trouble

Government spending in France is choking its economy (photo: dpa)
Government spending in France is choking its economy (photo: dpa)

The impact of the economic crisis is still being felt in the eurozone with a lack of growth and high unemployment especially among the young. Now the European Central Bank seems to be indicating that it will tackle a deteriorating financial situation in some countries by further cuts in interest rates which could generate yet more problems.

<i>European monetary policy has changed tack again. The European Central Bank, having announced for the last year that everything is under control and recovery is slowly underway, has now revealed a new round of quantitative easing and possibly lower interest rates. Germany’s Bundesbank has endorsed this strategy. Yet, it is not obvious that...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment