Can the U.S. help Europe’s stagnating economy?
from San Diego Union Tribune (1/16/2015):
Bob Rauch on the EconoMeter panel as they address ways for the U.S. to help Europe jump start it’s economy.
Can the U.S. do anything to rev up Europe’s stagnating economy?
Bob Rauch: NO
“Europe needs to deal with its structural issues on its own, particularly in the Eurozone area, but the dollar’s surge certainly makes it easier to purchase European goods and travel to the continent. If Europe continues to stagnate and Asia has a soft landing, investors in those markets will use our markets as a flight to a safe haven, further contributing to Europe’s economic troubles. While our economy continues to strengthen, it is not currently robust enough to revive Europe as our payroll reports show wage declines. The best way to rev up Europe’s economy is to strengthen our own.”
Read More from the panel
