Here’s the bad news: Europe’s debt crisis could spread, sending shockwaves across the globe.
How real is this risk? It’s real enough for the World Bank’s new president, Dr Jim Yong Kim, to warn of a deep global recession if European policymakers do not take the necessary steps to restore stability.
[This article is republished courtesy of INSEAD Knowledge
http://knowledge.insead.edu, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2023]
A simple solution to all this crisis would be to increase the PRODUCTION locally in each of the countries in EU, this would safeguard on imports and hence money going out of the coutry which inturn will stabilise the whole economy across the globe.
on Sep 11, 2012