Sunday 12 January 2014

MARIO DRAGHI STILL KEPP EURO DREAMS


Hi everybody first article in 2014  the begining of the new year brings reasons to cheer for europeans.Euro zone dreams finally seems to take shapes.But despite this optimist atmosphere the main actor who charge the euro destiny ECB president Mario Draghi refused to say that the fight against euro zone debt is over, he told at Frankfurt European Central Bank Meeting.

One of the key factors that contribued to improving eurozone areas was exports growth ,german industrial production rose with 1,9 % in November and also retail sales who rose with 1,4 % in November compared with October 2013 acording to Eurostat,german industrial orders rose by 2,1 %.European stocks reach ath high level,Ireland,Portugal sold for the first time after many years bonds.

One thing can treaten economic recovery is inflation which was 0,8 in decmber 2013 much below of 2 % ECB target.Could 0,8 % inflation engage Europe in deflation shape? Is hard to say, will see what's going happen.Drahi ensure us the eurozone is not threated by deflation risk.

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