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Euro crisis getting smaller
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- Category: Opinion
- Published on Saturday, 26 November 2011 16:35
- Written by Jack
- Hits: 91
It seems that there is only words for people that write about the euro crisis is getting worse. But if you look at things objectively there are things indeed improving.
I am not talking about the politicians that have been fighting to get there thing said. Which is the main reason for investors to worry nowadays, in my opinion. What I am talking about is what is actually happening in the countries that play an important role. Which are Italy, Spain and Belgium at the moment.
And what I see, is things that are actually good:
- Italy has kicked out Berlusconi and has a much more stable and trustworthy leader. I am sure that this new government will take actions to make sure Italy can pay back all there loans.
- Spain has made many adjustments already, and on top has a new government that is in full control, so they can take new measures to handle economic and budget problems effectively.
- And this weekend, Belgium finally got there budget agreement for 2012 and a new government is about to be installed. I expect the rate for lending to go down here too.
If you really look at the fundamentals, and take away all the political noise, things are indeed improving and hopeful for the next 2 years in Europe.