Why Europe’s a Bomb Waiting to Blow Up

http://www. investmentcontrarians. com/recession/why-europes-a-bomb-waiting-to-blowup/984/ Why Europe’s a Bomb Waiting to Blow Up By George Leong for Investment Contrarians | Nov 12, 2012 The doom and gloom on this side of the Atlantic is focused on the... More

http://www. investmentcontrarians. com/recession/why-europes-a-bomb-waiting-to-blowup/984/ Why Europe’s a Bomb Waiting to Blow Up By George Leong for Investment Contrarians | Nov 12, 2012 The doom and gloom on this side of the Atlantic is focused on the country’s pending “fiscal cliff,” but in Europe, it’s focused on the continent’s own financial crisis and how to escape it. You have six eurozone countries in a recession, with the whole region threatening to collapse into a recession in 2013. There’s barely any gross domestic product (GDP) growth while debt levels surge. You also have high unemployment and rallies on the streets of Athens and Madrid in response to the tough austerity measures put forth by Greece and Spain. You kind of wonder if Americans would flood the streets here if wages and pensions were suddenly axed. Yet what makes the slowing of GDP growth in the eurozone a significant concern is its negative impact on the non-eurozone countries, including the Asiatic coun Less