Markets in Europe began to recover confidence, even if Greece will struggle to reach the objectives and keep pulling down the European Economy

The GDP Growth of the biggest economies (the OECD Economies) fell only 0.1 percent in the last quarter of 2011, according to the OECD. Even if it is a provisional data, it is still a significant sign that the countries were not so attacked by the perception of a new credit crunch in the Euro Zone. With negative numbers in important countries such as Italy (-0.7 percent) and Japan (-0.6 percent), UK and Germany both felt a decline of 0.2 percent, even if the latter ones helped in the overall 2011 positive performance. With this, the main factor behind the scenes continues to be Greece, which according to the IMF, the ECB and the European Commission of Greece’s debt, the country will find really steep the mountain to reach the target of 120 percent of its debt to GDP by 2020, needing among other things......Read More