Business, Finance and Real Estate Blog

An indication of spread of sovereign debt problems have plagued Ireland and Portugal, even to the country of the euro zone with a greater level of the economy, such as Italy and Spain. Furthermore, the issue of European economic recession continues to add to the gloom prospects (outlook), which uses the euro as well as the user countries in the midst of various complexity economics tend to be incriminating measures global economic recovery.

In fact, when juxtaposed with other members of the euro zone, such as Italy and Spain, the country which is currently led by PM Lucas Escapades is indeed not comparable. Moreover, Rome and Madrid is the country with the third and fourth largest economies in the euro zone. How not, Italy’s economy is sustained largely manufacturing to consumer goods of high quality manufactured small-scale private enterprise and medium based on advanced technology.

Whereas Spain has a flourishing car industry, while Greece’s economy relies solely on the tourism sector. However, Greece’s debt problems turned out to be able to bring a fairly heavy shock effect on the movement of the euro. In fact, over the past few years, go up and down like a roller coaster ride the euro movement, both in the short time frame (daily) or longer (weekly).

Whereas, if seen from the proportion of euro zone debt holdings, Athens only contributed 4 percent, similar to Belgium, while Spain reached 9 percent, and Italy 23 percent. Looking at it, it is actually very reasonable if the threat of debt crisis that Italy intercepted or the State of the euro zone with other larger economies is very likely to worsen the anxiety of investors towards the process of recovery of the world economy.