2011: A year of debt crises and downgrades for global economy

Via Scoop.it#GreekCrisis
“From debt turmoils to downgrades, and the default risks for corporates and sovereign entities alike, a mosaic of grey shades overshadowed the global economic landscape in 2011 and the big brothers struggled to maintain even their anaemic growth rates. Against the backdrop of spiralling European debt contagion and leadership lacunae, the very existence of their common currency euro, a symbol of regional unity, was seen at the stake. At the same time, the Americans were seen facing their own set of woes, as the political brinkmanship over debt ceiling kept the US economy on tenterhooks.”
Via kostasgeorgioy.blogspot.com

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Posted on December 26, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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