The public debts crisis coming from greece has impacted Europe and the Euro for 6 months and accelerated from 3 days. If you pay attention to the economic news, 2 facts emerge:
On the first side, the crisis coming from greece spreads in Europe, starting with the southern countries. The stock markets are punishing the public huge debts of the states. Confidence seems to have desapeared in Europe's future.
One another hand, the private sector sends good signals to the stock markets: corporates are doing far better now. The unemployment rates started to decrease in the US, Germany and France. The head hunters are working far more than a year ago and the growth perspectives are improving.
So, what should we believe? The answer is extremely hard to give today.
- The "safe haven" on the stock markets were previously public bonds and public corporates, the situation is reversed with these events and the investors haven't made their choices yet
- The private sector might have been feed by governemental investments after the 2008 crisis.
- The emerging states have a growing economy and low public debts, they are pulling Europe's growth as the import/export balances are equilibrating as the Euro weakens.
- The reforms in Europe are convincing the markets that the states will pay their debts.
- The effects on the private sector are not visible
More than never, Europe has to invest in Asia, to link its growth to the emerging countries expansion.
With IBS, European corporates find solutions to recruit the best managers in China and in the whole Asia. Finding people you can trust is extremely important to develop your project in these high potential markets.
www.intelligencebusiness.net
Intersting article:
http://www.earthtimes.org/articles/show/321188,european-economic-confidence-rises-despite-greek-crisis.html
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