Tuesday 20 September 2011

the irony of europe bail out by other continents

Its really irony to be told most of the countries in Europe need a bail out.The emerging economies of Brazil ,Russia ,India ,China and south Africa are discussing possible aid to Europe hoping it will ease the global crisis.
this is happening as many analysts are concerned that Italy could be next Eurozone to fall with it enormous debt which stands at 120percent of GDP
For many years the rest of the world has been seeing as one of the economical powers and no one ever thought it economy will be shaken as it is happen now. our hope is that they find solution soon as the rest of continent will fell the pressure