Euro Crisis – Are we in Recession Again?

Greece, Italy and Spain are pulling the world economy back into recession again. Lately, the JP Morgan Chase lost billions of dollars in trading. Will there be more?

Most countries have not yet recovered from the 2008 crisis. After 4 years, another big wave will be hitting us hard again. Manufacturing companies are closing their factories, big companies are closing their mining operations. These are affecting thousands of people.

Will the world be in recession again?

Update:
Spain just recieved a $125 billion eurozone bailout fund on Tuesday, 12 June 2012. If this is good or bad for Spain, it remains to be seen.

About the Author

Ver Pangonilo

A Filipino Engineer, Registered Professional Engineer of Queensland (RPEQ) – Australia and Professional Electrical Engineer (PEE) – Philippines with extensive experience in concept select, front-end engineering, HV & LV detail design, construction and commissioning of Hazardous and Non-Hazardous Area electrical installations in water and waste water pipeline and pumping facilities, offshore platforms, hydrocarbon process plants and pipelines including related facilities. Hazardous area classification and design certification (UEENEEM015B, UEENEEM016B, UEENEEM017B).

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