July 2010

IMF -- Euro Countries Are Dragging

The Europeans may be doing well in the World Cup, the finals is an all European event, between Spain and Holland, but on the global economic field, Europe is not doing so well.

This mornings Washington Post reports that the International Monetary Fund ,(IMF), said, Wednesday, yesterday, that the USA and the emerging Asian and Latin American countries economies remain on track.The IMF is critical Europe's performance,. and cites Europe's slow growth, heavy debt, and troubled banks, that lack sufficient capital. A red card for Europe.IMF says that Europe is top threat to global recovery. Europe's problems could lead to "substantially lower global demand."