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I know we discussed the future of Europe in class on Tuesday and speculated on the future of Europe and the eurozone. Here is a video that discusses the problem of Europe's economy.
http://online.wsj.com/video/leaders-seek-cure-for-ailing-europe/EE6CBB87-29EA-4CA9-8AE3-2641A79DFD42.html
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This video was really interesting. It said that Europe's economy is growing at an annually rate of 1% and that's if no other crises happen.That is awful, especially when Europe has three times the size of the economy of China whose economy is booming. It also said that European countries are to dependent on exports and consumers aren't spending enough. So which countries are going to start specializing in an industry and start trading with one another. Exports and Imports are two sides to the same coin. Something needs to change where consumers want to start buying again.
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