Previous Post: U.S. lets China bypass Wall Street for Treasury orders nbsp
Eurozone warned ‘severe recession’ looming
USA Today – The 17-country eurozone risks falling into a “severe recession,” the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe’s central bank to act quickly to keep the slowdown from dragging down the global economy. OECD Chief Economist Pier Carlo Padoan warned the eurozone economy could contract by as much as 2% this year, a figure that the Paris-based organization had laid out as its worst-case scenario in November. Read Article
Tags: 2nd Great Depression, banks, debt wealth, Europe, financial system, North America
Related posts:
6 months after 5p was levied on all plastic bags in Wales numbers used fall by 90%
Stolen Dali painting posted back to gallery from Greece
Zucchini Fritters (Fritelle Di Zucchini)
New CDC Report Tries to Convince All Americans to Be Vaccinated
ECONOMIC AUSTERITY IN AMERICA: The Portland Community Begins to Fight Austerity
NBC's Engel: Reform Activists 'Were Crying' Over Egyptian Election Results