Greece is pulling the euro zone,back into recession.
The debt ridden Greece has to be whacked up by Germany,whose economy has also stagnated.
The Greeks should cut off their spending to get the nation's economy under control.
The economy has contracted by a wild .8%.
This cues has affected the stock market firmly all through the week.
China's announcement that it will raise the reserve ratio ,has brought in a keen dramatic eventuality.
The stocks fell in Wall street.
Gold also tumbled by $10.
China is one of the world's biggest consumers of commodities.
Its move to slow down the pace of its growth has raised serious concerns.
The inference is China has lost its appetite for commodities.
Heavy selling pressure was seen in the Asian trade after the People's Bank Of China said it will raise the ratio of reserves bank must set aside by 0.5%, a second move of the year.
Globalisation has mostly compressed the economy in size and in merit.
A meticulous way out has to be worked out.
Can we conclude that Globalisation is in the brink of collapse?
Friday, February 12, 2010
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