Acceso usuarios
The article focuses on the short and long-term strengths and weaknesses of the eurozone. It states that confidence in the euro and eurozone started to strengthen in July of 2012 when European Central Bank President Mario Draghi pledged to do whatever it took to preserve the euro through buying bonds of member countries and keeping short-term interest rates low. It mentions in 2013 the average budget deficit of eurozone countries was at 3.7 percent of gross domestic product (GDP) and comments that every eurozone country except for Cyprus and Slovenia was expected by the International Monetary Fund to have its GDP grow. It talks about high unemployment in the European Union and the difficulty young people have have in the labor market and reflects on fundamental weaknesses of the eurozone.
