Europe continues in the wrong direction, and there does not seem to be a way to fix it
By Joel Ross|November 16, 2014 at 07:40 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
A well known top economist just spent two weeks in Europe and returned saying he feels another debt crisis could possibly be brewing in Europe. While it is not 2008, there are several major banks which are still not strong, several sovereigns which are far from fixing their labor and fiscal problems and they are basically on the edge of a new recession with deflation becoming more of a possibility than before. The Euro is weak, and may get weaker. The ECB is trying, but the political and cultural problems create a situation that makes it very hard for the ECB or IMF to have much impact in some countries.
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
3 free articles* across the ALM subscription network every 30 days
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.