Europe’s woes raise global recession risk

October 23, 2011 No Comments by montty

As the European banking crisis threatens to annoyance the all-around abridgement aback into recession, leaders from Washington to Beijing are calling for Eurozone leaders to accent their efforts to accommodate the overextension contagion.

The BRICS — Brazil, Russia, India, China and South Africa — are accepted to altercate accessible solutions to the Eurozone crisis next Thursday at affairs at the World Bank and International Monetary Fund in Washington. But for now, said one Greek official, they accept not stepped up their Greek band buying.

“We accept arrive all the (BRIC) countries to yield an alive allotment in accoutrement the country’s borrowing needs,” said Greek Deputy Finance Minister Filippos Sachinidis. “Despite the invitation, we accept begin there was little or no accord at all.”

Read the full article here:
Europe’s woes raise global recession risk

Related Posts

Olympics & Seattle Connection

China’s prominence as a world economic power is now well-known. Events like the 2008 Olympics and the 2010 World Expo, both hosted in China, have done a wonderful job of illustrating that. And the numbers back up this assertion, as China now ranks number 2 among world economies, right after Japan. Over the last 30 years, the country has seen amazing change and economic development. Highlights include construction projects that have yielded the world’s largest… Read More…

In the Shadow of Starbucks

Despite being a business that is primarily engaged in coffee products and foodservice, The Woods Coffee Company does not want to be considered as a business following in the steps that Starbucks has taken. More importantly, this coffee company does not want to make the same mistakes that the giant coffee chain has made in the past. How it Began For the Woods The Woods Coffee Company started business in 2002 with the opening of… Read More…

Top 25 Innovators Entrepreneurs

Washington State is no stranger to innovation. Experts in state history can list local inventors, entrepreneurs and business people who have changed the way the world operates. Seattle Business has released their list of the top 25 entrepreneurs for 2010 in their November 2009 article. The pick of the crop is Jeff Bezos, the CEO of Amazon.com and listed as Entrepreneur of the Year. Bezos is the mastermind behind the world’s largest online retailer. Then… Read More…

No comments