成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
Germany, the economic vanguard of the EU

Germany, the economic vanguard of the EU

Katie Benner 2010年05月17日

????Ever since the Greek crisis came into focus, German Chancellor Angela Merkel has been accused of exacerbating it by refusing to commit straightaway to a Greek bailout. As Greece's uncertain economic picturepummeled global markets that accusation gained steam. But Germany may have gained an economic advantage in dragging its feet, and even now that it has agreed to the nearly $1 trillion bailout, the country stands to reinforce its position as the strongest player in the eurozone.

????Germany's export-based economy has likely already been helped by the prolonged weakness in the euro. The euro's dwindling value has made its high-end goods -- think Krups espresso makers and BMW (BMWG) SUVs -- more competitive in the global economy. The government recently announced that German industrial production jumped by 4% in March, beating analyst estimates that it would gain 1.7%, a huge uptick after a slow start to the year. German factory orders beat expectations with a 5% rise in March. And unemployment there fell for a fifth consecutive month in April, dropping faster than analysts' estimates.

????Sebastian Galy, a currency strategist at BNP Paribas, adds that prolonged weakness in the euro will actually help the crisis pass, and not just for Germany. "The countries that are less efficient than Germany also need to deflate and be competitive in terms of the rest of the world," says Galy. "It's a good scenario from a purely economic viewpoint."

Is Merkel the Greek word for austerity?

????Problems in Greece and fear of economic contagion have given Germany the political cover it needs to force fiscal austerity on its more profligate neighbors. Member states were supposed to meet strict deficit and debt standards to gain entry, but fiscal rectitude among countries has varied broadly over the 12-year history of the eurozone. Germany has been unable to impose its Teutonic discipline on other governments until the crisis reached a fever pitch and it wrung concessions from Greece.

????The recently passed bailout measures will likely allow Germany to push other countries, like Portugal and Spain, to fall in line as well. If these countries can't convince the market that they are belt tightening and strong enough to pay their debts, they'll be forced to accept austerity measures in exchange for aid. Now even larger, healthier economies are exempt from pressure to have their houses in order. The EU's monetary affairs chief Olli Rehn has also publicly said that Italy and France must tighten their fiscal belts, too.

????Much like America's bailout of Wall Street, Europe's decision to throw money at the problem doesn't address the core problem that sparked the crisis: spending that far outweighs income. But attaching the strings of forced fiscal responsibility to financial aid does curb profligate behavior. No doubt Greece's economy will deflate now that it can't abuse credit, but Germany realizes that the country and eurozone will never return to health unless runaway spending ends. Countries that can't pay their debts could threaten Germany, whose banks are large lenders. While Germany committed to a bailout of Greece to stave off the contagion among other debt-ridden countries, it was also preserving itself. To quote Germany's draft bill of the bailout proposal: "A further acceleration of the situation would not only risk the default of these states but also result in a serious threat to the financial stability of the monetary union as a whole."

掃碼打開財富Plus App
国产欧美国产精品第一区| 最新欧美国产亚洲一区二区三区精品久久久| 日韩A∨无码成人精品国产| 国产精美欧美一区二区三区| 人妻少妇乱子伦a片| 国产精品爆乳中文天堂AV| 亚洲AV综合永久无码精品| 欧美国产激情一区二区三区| 一级做a爰片久久毛片50岁| 亚洲永久无码7777kkk| 成人精品视频在线观看不卡| 久久久久无码国产精品一区99国产毛片| 亚洲爆乳成av人在线视菜奈实| 高清午夜看片A福利在线| 婷婷蜜桃国产精品一区| 国产精品无码AV在线毛片| 老少妇人妻无码专区视频大码| 一本色道久久88加勒比—综合| 伊人久久精品无码麻豆一区| 亚洲伦理一区二区| 在线高清一级无码| 人妻老妇乱子伦精品无码专区| 欧美成人无码禁片在线观看| 成视频年人黄网站免费视频| 亚洲欧美日本韩国综合在线观看| 亚洲香蕉在线色网视频| 国产免费AV片在线播放| 日欧精品卡2卡3卡4卡| 产成人影院一区二区三区| 极品美女国产精品免费一区| 国产裸拍裸体视频在线观看| 精品国产一区二区三区AV性色| 在线观看激情AV更新| 久久久久久成人毛片免费看| 日日狠狠久久偷偷色综合96蜜桃| 乌克兰黄色视频在线观看| 亚洲熟女精品一区二区成人| 麻豆国产原创中文AV网站| 成年女人永久免费观看视频| 国产精品成人啪精品视频免费观看| 国产欧美日韩另类精彩视频|