Ukrainian Globalist

How seriously should be considered the threat of the new reecession and the second wave of crisis? The fact that the pace of economic recovery will begin to decline, many analysts have repeatedly predicted, therefore, in a sense, the events of recent months in the stock markets should not surprise anyone. Markets with their usual harshness and inconsistency warn that lies ahead. Last summer, they signal the approach of a tipping point and the beginning of recovery. Now they predict a short pause in growth. As already noted, this often happens during the recovery period: the positive dynamics slows down, the activity also decreases for a while, then to resume with renewed vigor.

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The DJIA ceases to grow steadily after the results of stress tests. Calling the results of stress tests bad we can not, but the Dow Jones Industrial Average lost 0.10% growth. The DJIA is a mark of 10,400.02, gaining 77.72 points (0.75%). So, seven European banks have not been stress-tests conducted to confirm the stability of the banking system of the EU.

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Eleven-year European Monetary Union, uniting 11 countries, is tested for durability. States, especially Greece, Portugal and Spain, under pressure of markets in reducing deficits and reforming their economies. Politicians ponder over how to rewrite the rules of membership in the euro area, to prevent new crises. The European Central Bank was forced to intervene in the government bond market – in the central bank certainly not dreamed of that will go to such a measure. Euro fell sharply. But is this tension temporary phenomenon? Will Europe’s leaders to improve the situation? Or do they simply destroy the Eurozone? We consider four possible scenarios.

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U.S. business TV channel CNBC made a rating of most heavily indebted countries. Experts estimated the total debt relative to GDP of the country. The top twenty of the most “heavily indebted” countries was 17 countries in Europe. The USA took only 20th place. The top rating of debtors took Ireland. Its total external debt (both private entities and state) at the end of 2009 totaled 2.32 trillion dollars. This is more than 13 times the volume of island economies (more precisely, at 1312 percent). In the second place reveals Britain. Its total debt (9.15 trillion U.S. dollars) of 426 percent of GDP.

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Dow Jones Industrial Average went from minus very confident after the good news from the Eurozone. Old World reported that the threat of default in Hungary was not clear. Budapest will be able to avoid default under certain financial support from Brussels. At the time Dow Jones stood at 10,166.71 points. The loss dropped to -5.82 points or -0.06%. Also the Americans have pleased the new proposals the European oil spill response.

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Exchange rate euro fell against the negative statistics from the Eurozone. Euro is becoming one of the most problematic world currencies. The reason for the fall of the euro was mixed negative statistics from the Old World. British retailer Home Retail Group reported that sales for the first quarter with the end of May 29 stores Argos, open more than a year ago, fell by 8,1%, while Homebase sales network declined by 1,4%.

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Euro falls, the future of euro worries every European. Is the single currency project will end in failure? Do not make hasty pessimistic conclusions. In fact, the skillful use of a situation, the depreciation of the euro can be used as a successful addition to the necessary fiscal consolidation in Greece and other countries of southern Europe. Ironically, the weak euro – is a necessary condition for its survival. We market our erring ways of instruction on the right path. Unfortunately, not always the most humane.

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The North Korea is considered responsible for the sinking of South Korean warship this March. Experts from the US, South Korea, Great Britain, Australia and Sweden came to this conclusion after the identification of torpedo’s fragments found on the seabed near the sunk ship. These fragments were considered to be identical to the ones of North Korean torpedo that South Korea obtained 7 years ago.

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Volcano in Iceland has sent another cloud of ash in Russia. Volcanic ash clouds from erupting volcano in Iceland, paralyzed in April, the European flights, again returned to mainland Europe and will make it to Siberia, British meteorologists.

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McDonald’s fast-foods in Sweden are accused of serving outdated production. There is that dates of expire have been changed on the packing by company’s workers themselves. Lotta Bjork, the head of McDonald’s fast-food chain in Sweden, is very sorry for such situation has occurred.

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