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Did they fix the economy in Europe?

Old 07-08-13, 02:45 PM
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Did they fix the economy in Europe?

Europe was on the verge of collapse it seemed.

Waves were felt throughout the world's financial markets.

The stock market plunged.

Then, for a time, we entered a period of watching and waiting.

Then it seems we mostly forgot, and the stock market has rebuilt itself.

This doesn't mean the gains were a matter of Europe becoming stronger... other factors contributed to the growth. But when we are reminded of Europe's woes, are we in for another financial "shock" as if things had actually improved before they get worse again?

Or are things genuinely looking up over the pond such that a looming renewed financial crisis as a result of a failing European economy is more paranoia than wise expectation, or have the gains been independent enough of a European crisis that when things do get worse again the markets will be largely unaffected?
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Old 07-08-13, 07:23 PM
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Re: Did they fix the economy in Europe?

Originally Posted by Th0r S1mpson View Post
Europe was on the verge of collapse it seemed.

Waves were felt throughout the world's financial markets.

The stock market plunged.

Then, for a time, we entered a period of watching and waiting.

Then it seems we mostly forgot, and the stock market has rebuilt itself.

This doesn't mean the gains were a matter of Europe becoming stronger... other factors contributed to the growth. But when we are reminded of Europe's woes, are we in for another financial "shock" as if things had actually improved before they get worse again?

Or are things genuinely looking up over the pond such that a looming renewed financial crisis as a result of a failing European economy is more paranoia than wise expectation, or have the gains been independent enough of a European crisis that when things do get worse again the markets will be largely unaffected?
The US stock market has done well and lots of folks believe that has been the result of the fed bond-buying program. Nobody really knows why. But international stock indexes are right where they were 2 years ago.
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Old 07-08-13, 09:46 PM
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Re: Did they fix the economy in Europe?

Originally Posted by Strevlac View Post
The US stock market has done well and lots of folks believe that has been the result of the fed bond-buying program. Nobody really knows why. But international stock indexes are right where they were 2 years ago.
Now that that is coming to an end it is going to be interesting to see what happens.
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Old 07-08-13, 10:14 PM
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Re: Did they fix the economy in Europe?

It's a simple "yes" or "no" question, dammit.
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Old 07-09-13, 08:02 AM
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Re: Did they fix the economy in Europe?

no*

*see Greece
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Old 07-09-13, 08:44 AM
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Re: Did they fix the economy in Europe?

Short answer: no

Long answer: Germany has blinked time and time again when challenged, which is why the euro hasn't collapsed. That said, austerity is still very much happening, and many countries in the EU are in dire straits. In Greece the under-25 unemployment rate is 60%. The overall official unemployment rate is about 27% but many people aren't paid for months, are making much less than they used to, etc. In Spain people are eating out of dumpsters.
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Old 07-09-13, 09:30 AM
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Re: Did they fix the economy in Europe?

Originally Posted by Tracer Bullet View Post
In Spain people are eating out of dumpsters.
In Florida also.
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Old 07-09-13, 04:20 PM
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Re: Did they fix the economy in Europe?

Originally Posted by Tracer Bullet View Post
Short answer: no

Long answer: Germany has blinked time and time again when challenged, which is why the euro hasn't collapsed. That said, austerity is still very much happening, and many countries in the EU are in dire straits. In Greece the under-25 unemployment rate is 60%. The overall official unemployment rate is about 27% but many people aren't paid for months, are making much less than they used to, etc. In Spain people are eating out of dumpsters.
Its the same in Italy, although not quiet as bad. I live over in Naples and its a huge issue here. Although some of that can be blamed much on Italian attitudes towards both work and Germany.
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Old 11-01-13, 12:39 PM
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Re: Did they fix the economy in Europe?

Seems very silent still... what upcoming events or deadlines are there that would have a potentially global economic impact?
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Old 11-01-13, 12:59 PM
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Re: Did they fix the economy in Europe?

Italy needs to sell Austria the Tyrol in exchange for Germanys economic aid.
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Old 11-01-13, 04:43 PM
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Re: Did they fix the economy in Europe?

Originally Posted by Tracer Bullet View Post
In Spain people are eating out of dumpsters.
They're turning into Italians? Eek!
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