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Economy
In reply to the discussion: Weekend Economists Ride With Sally into the Sunset July 27-29, 2012 [View all]Demeter
(85,373 posts)59. IMF: Euro zone in ‘significant’ jeopardy from threat of deflation
http://www.washingtonpost.com/business/economy/imf-euro-zone-in-jeopardy-from-significant-threat-of-deflation/2012/07/18/gJQAH2oPuW_story.html
Europe could suffer a dangerous bout of deflation if regional officials, including those at the European Central Bank, do not move quickly to support the continents banks and the wider economy, the International Monetary Fund warned Wednesday.
Using some of its most ominous language yet, the usually understated IMF called the euro zone unsustainable in its current form. The agency said the 17-nation currency union is a half-finished project and could disintegrate as banks and other nervous investors shelter money in their home countries rather than letting it flow across the euro zone.
The currency union was created in an effort to integrate the economies and financial markets of European countries. But the two-year-old financial crisis has created de-integrating forces that have put the euro in jeopardy, IMF fund officials wrote.
Financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself, they wrote...
THIS IS WHAT COMES OF "ENGINEERING" SOCIAL STRUCTURES. YOU WOULD THINK EUROPE, WITH THEIR INTIMATE KNOWLEDGE OF THE NAZIS AND THE BOLSHEVIKS, WOULD BE A LITTLE LESS GULLIBLE...
Europe could suffer a dangerous bout of deflation if regional officials, including those at the European Central Bank, do not move quickly to support the continents banks and the wider economy, the International Monetary Fund warned Wednesday.
Using some of its most ominous language yet, the usually understated IMF called the euro zone unsustainable in its current form. The agency said the 17-nation currency union is a half-finished project and could disintegrate as banks and other nervous investors shelter money in their home countries rather than letting it flow across the euro zone.
The currency union was created in an effort to integrate the economies and financial markets of European countries. But the two-year-old financial crisis has created de-integrating forces that have put the euro in jeopardy, IMF fund officials wrote.
Financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself, they wrote...
THIS IS WHAT COMES OF "ENGINEERING" SOCIAL STRUCTURES. YOU WOULD THINK EUROPE, WITH THEIR INTIMATE KNOWLEDGE OF THE NAZIS AND THE BOLSHEVIKS, WOULD BE A LITTLE LESS GULLIBLE...
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Demeter
Jul 2012
#23
i did -- it was wonderful -- and i love burt lancaster... we love ya hotler -- Peace be with you
xchrom
Jul 2012
#54
But wait, Mayors now can dictate how and what we feed our babies. We are saved! n/t
kickysnana
Jul 2012
#77