Source: http://www.huffingtonpost.co.uk - Tuesday, December 30, 2014
The world can be a scary place, George Osborne seems to like suggesting, with every other economy in choppy waters as Britain's economy enjoys increasingly smooth sailing. Speaking in October , the Chancellor said: "Britain is part of a global economy, but that doesn’t mean Britain is just going to be buffeted by the storms....The eurozone risks slipping back into crisis. Britain cannot be immune from that." As 2015 nears, HuffPostUK asked various City experts to assess where the risks will lie for the global economy. Will we see Britain rocked by the storms, or emerge to even sunnier waters? Europe in the doldrums The economic drama looks set to continue on our own doorstep as Mario Draghi and European leaders try to pull the Eurozone back from the brink. The European Central Bank boss infamously pledged to do "whatever it takes" to hold the Eurozone together last time a breakup loomed in 2012, and economists suggest that Italy and Greece's ailing economies will pile on the pressure. The most popular political party in Greece, Syriza, wants to renege on the terms of Greece’s €240bn loan from the EU and IMF. Italy has a shrinking economy, government debt of €2,300bn and all three main opposition parties are anti-euro. There are concerns that the Eurozone could slip into a Japanese scenario of deflation and little growth. Given the internal political tensions around the monetary policies being promoted by the European Central Bank
from Top News on RSS Feeds http://www.huffingtonpost.co.uk/2014/12/16/global-economy-2015_n_6327790.html?utm_hp_ref=uk&ir=UK
The world can be a scary place, George Osborne seems to like suggesting, with every other economy in choppy waters as Britain's economy enjoys increasingly smooth sailing. Speaking in October , the Chancellor said: "Britain is part of a global economy, but that doesn’t mean Britain is just going to be buffeted by the storms....The eurozone risks slipping back into crisis. Britain cannot be immune from that." As 2015 nears, HuffPostUK asked various City experts to assess where the risks will lie for the global economy. Will we see Britain rocked by the storms, or emerge to even sunnier waters? Europe in the doldrums The economic drama looks set to continue on our own doorstep as Mario Draghi and European leaders try to pull the Eurozone back from the brink. The European Central Bank boss infamously pledged to do "whatever it takes" to hold the Eurozone together last time a breakup loomed in 2012, and economists suggest that Italy and Greece's ailing economies will pile on the pressure. The most popular political party in Greece, Syriza, wants to renege on the terms of Greece’s €240bn loan from the EU and IMF. Italy has a shrinking economy, government debt of €2,300bn and all three main opposition parties are anti-euro. There are concerns that the Eurozone could slip into a Japanese scenario of deflation and little growth. Given the internal political tensions around the monetary policies being promoted by the European Central Bankfrom Top News on RSS Feeds http://www.huffingtonpost.co.uk/2014/12/16/global-economy-2015_n_6327790.html?utm_hp_ref=uk&ir=UK
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