The Eurozone Slides Further Toward Recession

Russia TV, November 5, 2014 (4 min 27 sec)



Jack Rasmus explains why the Eurozone stagnating economy is now spreading from its periphery, which previously fell into deep recession, to its northern core economies, France, Netherlands, and soon Germany. Monetary policy has failed to generate investment and recovery, while austerity continues to weaken prospects for the same. No change in Eurozone policy is imminent, and therefore it will continue to slide toward stagnation and deflation.