World Economy and Business
The World Economy and Business major is intended to provide labials arts students with an interdisciplinary introduction to the causes of economic globalization, to the changes that it is begging to the international environment in which the United States co ducts its economic and political relations with other nation-states, and to the domestics consequences of these changes.Standard &P is bestially saying whatever comes out of this little summit of yours better be good, otherwise, we are downgrading you. Here's how they put it
S& Pooh's is putting 15 euro zone countries on watch for a possible downgrade. Why now? It's because of this week's summit in Brussels where European leaders are expected to announce plans for closer economic integration.
global economy
Our Credit Watch actions signal our view of the risks to euro zone sovereign creditworthiness should the summit not generate an effective and credible response. If the response of policymakers is not viewed by investors as robust, we believe market confidence could take another, possibly steep, drop downwards, meaning higher refinancing costs for banks and governments, further deceleration of credit and demand, and an even greater required fiscal consolidation effort to arrest deteriorating credit dynamics.
This week's meeting in Brussels has been called a "make-or-break summit" and a meeting on which "the fate of Europe depends.". The meeting doesn't start until Thursday but Merkel and Sarcasm have already drafted their strategy to overcome the national debt crisis. At the helm of this grand gathering are of course — German Chancellor Angela Merkel and French President Nicolas Sarcas
the economy in the usa
Here's what Merkel and Sarcasm want to see happen:
1. An earlier start date for the European Stability Mechanism. This bailout fund was supposed to replace the EFSF now there is talk of keeping of it around even after the ESM launches.
2. Promises from the 17 euro countries to balance their budgets.
3. Automatic penalties for governments that allow their deficit to exceed 3 percent of GDP.
4. Guarantees for private bond investors that they won't be asked to to help pay for future bailouts. No "haircuts" as in Greece.
5. These changes in place by March 2012.
6. No Euro bonds (debt issued jointly by all euro zone member countries).
Instead, the hope is that these "tougher" rules will entice investors and the European Central Bank to buy more bonds, effectively loan these countries more money.These proposals alone won't solve the euro zone’s current problems — what these countries really need now is cash.
