New Data from Top Economist
Does Europe have a plan to get them selves out of the euro crises? With a summit being held this month regarding the state of the euro; consumers strength is on the decline and there are very few answers being produced. The summit has notably agreed that they will lower the debt held by Greece within the private sector by half. However, the price of such a move may prove to be devastating if it does not produce positive results within the next five years.
Many fear that the Greek write-down of debt could cause chaos among European investors if bonds begin to slide because of the move. This is only one of many planned summits and with more in the next few months, Europeans should be hopeful that at least one economist will come up with a viable plan for stopping an all out collapse within the union.