Bipolar Europe: rising only those, who are not afraid to change something

Economic
in Euro zone slowed to 0.3% in
second quarter compared with 0.4% in
first. The data on this were published
On Friday. Previous months
optimism fueled by the depreciation
euro, and now the markets got another
warning that most
European economies returned to
As usual anemia.

Positive
point - that everything could be
worse. Europe has gone through seven months
Greek crisis and managed not to
slip into retsesciyu. The main merit
This belongs to the ECB and its head,
Mario Draghi, who every month
strengthening confidence in the stability
block using a low interest rate
and launch QE program.

but
slow growth and is experiencing problems
not only to Greece, and that many try
not to notice. The most disturbing news
They come from Germany, whose exporters
It seemed to have been to get the most
benefit from the work of Draghi to weaken
Euro. Second quarter German GDP
It rose 0.4%, mainly due to the net
export. However, growth is now lagging behind
even from the levels of 1996 and 2009. Clean
exports even cheaper after the euro
not able to stand at the helm of the rapid
recovery.

industrial
Production in Germany is now sluggish:
In the second quarter it grew by only
0.1%. This is a very slow growth
compared with 0.5% in the first quarter. In any
case, it is clear that the German
export is not going to feed any
German economy, nor, moreover,
the other eurozone countries.

recent
findings show that
other major European countries
feel unwell. After
France surprised everyone with growth of 0.7%
the first quarter, now it is revealed
big and round zero. Italy managed
grow only 0.2%. In both countries,
picture like in Germany, only
worse, with industrial production and lagging
gloomy business sentiment.

European
policy, as always, blame the
external conditions. The slowdown in China hurts
export, and still it would be nice if
US grew faster than 2%. However, the leaders
Old World countries missed the opportunity
catch up on its backlog by using low
interest rates. Even those who understand
the need for reform - for example,
French Prime Minister Manuel
Waltz - battling updates.

Therefore
we are seeing a surprising
picture of a bipolar Europe. best
GDP impressive results last
week showed Spain (which
growth accelerated to 1%), UK
(0.7%) and Eastern Europe - Poland
(0.9%) and Latvia (1.2%). Not all of them are included in the
the euro zone, but they are now pursuing
active pro-market reforms. These countries
- evidence that Europe can
to grow, but only if you create the conditions,
that will encourage investment and
business projects. Now the question is - only
It is to be seen whether the political elite and
voters in Europe realize lagging
this. Otherwise, they will remain
content with microscopic
economic growth or even stop
in its development.