Hard times in Eurozone

If we take the first rumblings of trouble in the US sub-prime mortgage markets as the starting point, it's been roughly five years since the global financial crisis began. There have been significant qualitative changes along the way. The US now seems, at least in relative terms, best placed to pull itself out of a slowdown. Consensus forecasts peg US growth rates for 2012 at 2% contrasted to 0.3-0.5% for Europe. 

Read Full Story>>