Dover.uk.com
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.

All reported posts will be reviewed by a moderator.
  • The post you are reporting:
     
    PaulB.

    You need to look below the surface to see the real story and it is not so rosy. Germany and France have very low domestic demand that bodes ill. Germany's figures this year also reflect a 100% write down allowance for firms which is a one year deal so a lot of that growth will dissapate next year. France (and Germany) has also been re-stocking after the recession and that is distorting figures.

    This is also going to increase problems in the Eurozone. The level of divergence is increasing with interest rates reflecting the two largest zone economies, Germany and France. This will make things even more difficult for the PIGS and the 'zone' is speeding up towards a car crash. It is difficult to see how the Euro can survive.

    Now for the UK. We, of course, suffered the deepest and longest recession of all G20 countries and they include Germany and France. It is therefore logical that our climb back is going to be all the more difficult given the appalling fiscal position our economy is in thanks to Brown. On the positive side, unlike the PIGS, we are not being held back by the Euro and can benefit with a floating currency taking some of the strain, a luzury denied the PIGS.

Report Post

 
end link