Is Europe the main threat to the global economy?
The euro zone seems to be fleeing. Austerity which does not work, unemployment which remains at record levels, stagnation and recession in the second and third economies, in France and in Italy, the specter of deflation which progresses like a cancer and the effects of the conflict in Ukraine are some of the signs. of a crisis that has become chronic.
Even the German engine cannot hide the growth figures of the 18 countries that use the euro.
In the last quarter, the German economy contracted by -0.2%. The euro zone stagnated (0%).
According to Simon Tilford, deputy director of the Center for European Reform in London, the euro area has become the weakest link in the world economy.
«The only thing that alleviates this weakness is that the world is adjusting to a crisis that has lasted for years. But the euro area is the main trading partner of the United States and has a direct impact on other regions,» said -he. BBC Mundo.