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POL 423 Journal 18

POL 423 Journal 18 - Ireland is expected to benefit but...

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Financial Times Punishing winter chills eurozone growth Wednesday, February 16, 2011 Journal 18 The severe winter affected eurozone growth this past winter, but since the letting up of the season the region is growing at a very fair pace. In fact, the region has outpaced the U.K. in its growth. This eurozone growth will encourage the European Central Bank to phase out help for banks and consider higher interest rates to fight inflation. This growth is tremendously brought up by the large growth the German economy is experiencing, unlike the very modest growth that both France and Italy are having. The bailed out countries of Ireland, Greece, and Portugal are a different story.
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Unformatted text preview: Ireland is expected to benefit, but Portugal and Greece are still having some very rough times. This article shows the possibility of huge growth in the eurozone, but also asks the question, should the larger wealthier countries have to deal with the poorer ones bringing them down. Would a split in the euro countries benefit the wealthier ones or would it have negative effects on the markets of those economies. I also thought it was interesting to see how much the economy of the eurozone still depends on nature. To see it slow so much because of winter shows how largely agriculturally based that area still is....
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