The EU is in for some pretty slow growth over the coming years. This years prediction looks like poorly. From Europa.eu: That 1.3% growth rate is a piddling amount and wont help lower an already low EU-unemployment rate of 2.8%! The EU can live with that rate, with the exception of some countries. Like the "southern EU" where unemployment rates are much higher and really needed strong growth (which will not now happen) to lower higher unemployment rates. Which means what? First and foremost, more migration from south to north of people looking for work - who should get priority over "those who arrived earlier from the Middle-east" (since by common agreement EU citizens have the right-to-work throughout the EU. See list of EU unemployment-rates by country here. So, what does the EU need to get itself back to a realistic and acceptable (meaning low-inflation) economic growth? Answers please ...
The Economy can't keep on growing forever Certainly bringing in a bunch of poverty-stricken people from the worst most backwards parts of the Middle East isn't going to. Despite naively enthusiastic predictions, most of these refugees are practically unemployable.
Read a piece in the FAZ, Frankfurter Allgemeine Zeitung, which showed that the Euro Zone is doing rather good, far better than expectations. GDP and unemployment. Portugal, Spain, Greece are even doing rather good. I think you made a typing error concerning unemployment, its in the 7% or so. Which is not to bad for Europe, were the strongest has a record low in the 4%. Europe has a low inflation and economic growth, including substantial wage growth.
Rather good? You post the numbers rather than just stating them. Try posting the numbers comparably. The differences in them around the EU are significantly large! See here ...
Bribe Fitch and CoFACe and Euler Hermes et al to reduce country risk profiles and then the trade credit insurance markets can offer increased limits on open credits to more dodgy countries for cheaper premiums..... simple.....
