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2012, May 22
2012, May 22 Europe's leaders have pledged to draft a stricter rulebook for controlling government spending in an effort to rescue the region's single currency from breaking up, reports Bloomberg.
German Chancellor Angela Merkel says that her government will do “everything” to bring the euro out of the slump.
France’s President Nicolas Sarkozy says that his government will turn from budget fighting to economic growth and unemployment in 2012, which will be “the year of all risks and of all possibilities."
Merkel and Sarkozy will meet in Berlin Jan. 9 to work out details, says Bloomberg.
Howard Archer, an economist at IHS Global Insight in London, says they expect the eurozone recession to occur in late-2011 and the first half of 2012 in the face of the ongoing eurozone sovereign debt crisis.
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I think that there is really necessary for the people to be as much as possible involved in this stuff and I hope that the things will go in the right direction as soon as possible.
Pret Aer Conditionat