Saturday, November 13, 2010

THE G 20 SUMMIT AND THE WORLD'S ECONOMIC STUMBLE.

The G-20 economic Summit that begun on Thursday and currently being held in Seoul has not been an immediate solution to the current world economic stumble as may have been previously anticipated by some people. However, issues such as currencies wars, global trade inbalance , debt and budget deficit restructuring , specially of the European Union countries that has caused pressure on the European Union citizens that resulted in the protest and demonstration, due to the governments austerity measures that has strengthen the euro and given the European Union economic and monetary clout over many countries which includes the United States of America on one hand has been unlikely to creat, or restore uniform European countries high standards of living as required in many European cities, instead a split in the social structure of some of the European countries that had narrowed the gaps between classes differences may soon occur and may require long term solution to the problem.

Written by Godfrey Ohia.

No comments:

Post a Comment