End of the Euro Zone Crisis or Just another Mirage of Hope

The European credit rating agency Fitch raised hopes for a possible end of the Euro zone crisis by end of this year but most would disagree because of the complexity of the situation not just economically but also politically. While many have brushed away the hopes for an end claimed by Fitch as they’re riddled with high risks, the Italian and Spanish situation and dependence the dwindling hopes of their individual economic recovery are the best bets for any improvement that can be relayed to growth starved Euro zone. Greece’s situation has only seen a brief respite after the measures regarding its debt crisis by Germany and France late last year. But the situation on the whole still remains grim with most countries expecting to introduce austerity measures to drastically cut costs. This, many analysts believe can do more harm than good because of the consequent and cumulatively driven impacts on economic growth.

Comments (1)

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