ECONOMIC CRISIS: NOT END OF THE TUNNEL ...

The world is in deepening capitalist crisis without anyone being able to estimate the magnitude and duration.
"And if it was doing? The numbers are hoping "we read recently in one of the Point. In January, a revival of consumption of 1.7% has already sparked enthusiasm, before being cooled down 2% the following month.
The less cyclical improvement gives rise to media speculation about an early resumption. The depth of the recession that is yet to be confirmed.
Obama had barely make statements on the first "signs of economic progress" as new statistics belie his words were: decline in retail prices and industrial production falling 6.1% annual rate of GDP in the first quarter. The profits of some banks should not forget that in the United
United solvency of the banking system is still not gained. The "stress tests" that have been
subject to U.S. banks, show that half of them would still need funds despite bailouts.
Because she still reluctant to nationalize beyond Citigroup OBAMA administration has established the "Plan
Geithner. But it is not at all certain that the gas plant, which can raise up to 2 trillion dollars
allow to rid the banks' balance sheets of bad assets without going through their nationalization. Losses
securities issued from the U.S. are estimated between 2,200 and 3,600 billion dollars. Only 30-50% of these
losses have already been made. There remains much to lock.
The dynamics of the crisis based on its global nature.
However, world trade is decreasing faster than during the crisis of 1929. In China, the slowdown in growth is
Although less severe than expected. But countries like Japan (second largest economy) and Germany (Europe's largest economy) are experiencing very serious difficulties with the fall of their exports. For now, there is no alternative model of global capitalism in because neither social inequalities or the U.S. debt are being questioned. Tensions will arise between the national bourgeoisie and crystallize around trade and exchange rates. Eventually, the world monetary system could become fragmented, thus increasing instability.
In Europe, the economies of Ireland, Spain, the United Kingdom and Germany are more adversely affected than the average, each for different reasons. As for the new member countries of the EUROPEAN UNION, they suffered the drop in direct investment. The Stability Pact and the actions of the Commission for the "competition" have certainly been stored in the closet. But as global, the old model disappears without a new apparaisse.Et as everywhere, we try to pay workers the crisis of the capitalist system.