الأحد، 26 فبراير 2012

After Greece and Italy .. European debt crisis threatens France



   
The newspaper "The Guardian" British that France is facing pressure to reassure the European markets that it can deal with the deteriorating situation in the euro area, after official figures showed a decline in industrial production, which would eliminate any opportunity for growth next year.

    
And move the location of the seventh day for the British newspaper as saying that "France, which is the second largest economy in the euro area, have been criticized by the European Union and international investors because of not doing more to reduce government spending, amid fears of escalating debt crisis and the occurrence of the French economy in the trap ".
    
The announcement by the newspaper at the time of calling on France to investigate the serious mistake done by the agency "Standard & Poor's" credit rating, declaring by mistake, on Thursday, that France has lost classified as excellent "aaa", which led to fueling tension markets in the face of the transmission of the debt crisis in Europe.

    
The agency had approved previously that it was distributed by mistake for some customers "message" talking about reducing the degree of classification of France, said in a statement that after a technical error was distributed message automatically to some of the participants in the Standard & Poor's indicate that the classification of France has changed.
    
Prior to the European Union called for France in more than one occasion in order to take further austerity measures, while ignoring the middle came the French.
    
And exacerbated the debt crisis in Europe since explode in Greece the first months of last year, threatening the financial viability of the euro area and led to the decline in the single European currency to low levels and fall in various markets around the world.
    
The world economy experienced a decline in recent days in the capital markets because of reduced credit rating of the United States after the agreement of Republicans and Democrats to raise the ceiling on public debt, which forecast the effects of the impending global financial crisis.
    
As the World Bank pointed out that, recently, that the world economy entered a new phase is more dangerous, believing that the crisis in the euro area "may be the most important challenge" for the global economy, and that European countries take the necessary action as soon as possible.
    
The leaders of the Group of Twenty meeting held on 3 November 4 in Cannes, France, to discuss how to get out of the European debt crisis, and decided to take decisive action to address the debt crisis in the euro area.
    
Exercise and ministers from outside the euro zone pressure on European leaders to take decisive action to arrange the conditions of their country's internal affairs.
    
It is noteworthy that the euro zone's second-largest economic power in the world after the United States, except that it has entered the stage of economic recession for the first time in its history in November 2008, after long suffering and the collapse of many institutions because of the financial crisis.

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