Posted on 03/11/2011
By Nick Marr
Categories:
<p class="MsoNormal">After last weekââ¬â¢s summit deal, the EUââ¬â¢s main concern is
<a href="https://www.homesgofast.com/Currency/money_transfer_Italy.php">Italian money</a>, as the countryââ¬â¢s borrowing costs continue to increase.</p>
<p class="MsoNormal">As a result, the OECD has reduced its forecasted growth
within the eurozone from 2 per cent to 0.3 per cent, as the EU anticipates a
recession during the coming months. </p>
<p class="MsoNormal">The ECBââ¬â¢s new president Mario Draghi has received requests
to cut interest rates for Italy and Spain, but the latest EU bail-out fund (the
EFSF) was agreed to be increased to ââ¬1.2 trillion only if central bank to
reduce its supporting role.</p>
<p class="MsoNormal">"We are deeply skeptical that the Eurozone crisis has
been resolved," JP Morgan told <a href="http://www.telegraph.co.uk/finance/financialcrisis/8861179/Italys-crisis-deepens-on-eurozone-slump-bail-out-doubts.html">The Telegraph</a> this week, while italyââ¬â¢s
unemployment and deficit are both on the up again. </p>
<p class="MsoNormal">But the EU is being distracted by another countryââ¬â¢s crisis. </p>
<p class="MsoNormal">Greece has <a href="http://www.bbc.co.uk/news/world-europe-15561153">announced a national referendum</a> this week, which
will decide if the country accepts the bail-out deal or not, raising fears that
the agreed plan may not be put into action soon enough. <span style="mso-spacerun:yes"></span><a href="https://www.homesgofast.com/Currency/money_transfer_Italy.php">Italian money</a> is a main concern for the bail-out,
but with the Greek debate delaying the financial rescue, Italy may have to wait
even longer to begin its economic recovery.</p>
<p class="MsoNormal"><a href="http://www.telegraph.co.uk/finance/financialcrisis/8861179/Italys-crisis-deepens-on-eurozone-slump-bail-out-doubts.html"><br></a></p>
<p class="MsoNormal"><a href="http://www.bbc.co.uk/news/world-europe-15561153"><br></a></p>
<p class="MsoNormal"> </p>
Are you looking to buy property in UK ? Hurghada
, Scotland
, Istanbul
, Sahl Hasheesh
, Dubai
Are you looking to rent property in UK ? London
, Manchester
, Reading
, Leeds
, Cardiff
Author
Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.