Avrupa’nın ekonomik fay hattı ve Euro’nun geleceği (english)
Euro’s survival in grave danger from Europe’s fault lines and sputtering economy
The euro has been through very tough times in recent years, battered by political, economic, and financial storms, but it is not out of the woods yet. 2016 looks set to put the European single currency through the wringer yet again. A break below parity for the euro versus the US dollar looks a reasonable bet in the next 12 months.
Disturbing structural fault lines remain under the currency. A less stable political picture, the worsening economic outlook and extremely fragile financial fundamentals add up to a difficult trading backdrop for the euro in the months ahead.
Economic and political divisions are widening in the 19-nation euro zone block and threaten to spin out of control unless Europe’s leaders take bolder steps to bridge the yawing gap between the euro zone’s haves and have-nots.
The politics of inequality stand at the heart of deepening stresses between prosperous Germany and the euro zone’s hard-up economies. The contrasts could hardly be more stark. Germany boasts low unemployment, a vibrant economy and greater national wealth. Less well-off nations are struggling with high unemployment, stagnant growth and are saddled with crippling debt.