International news

Greece supports the bailout party win the election

The preliminary results of the global concern of the Greek parliamentary elections have been announced on the 17th night. Support tightening in the euro area New Democratic Party and the Panhellenic Socialist Action has won more than half of the seats in parliament. This allows the EU and the world's major economies are relieved.

China steel net point of view: such as China steel net is expected that at the last minute, Greece once again staged a "shaking reversal, once again cross the border, however, the Greek debt trap is difficult because of the tightening government's election really improved. Moreover, the Greek people against the tightening of resentment is still there, plus the three major rating agencies "tightly clenched", expected to Greek debt problems will be long plagued people of the world.

Spain, the debt crisis lead to shop closures

"Out of desperation, full clearance. Madrid city center one called" lemon tea "shops close to such an eye-catching notices. The store clerk to wear T-shirts printed with the same words.

China steel net view: Spain is a "powder keg", ready to have the time of the explosion. In addition, both the Greek debt crisis of the Spanish debt problems, most suffers or the people. Take Greece, a round of tightening down, people can only be trampled upon, and even some people can only leave their homes.

G20 summit opening Hollande proposed ? 120 billion stimulus plan

According to the French Sunday newspaper on the 17th, the French President, Francois Hollande to the EU Council last week submitted a total of 120 billion euros (U.S. $ 151.7 billion) economic stimulus plan. This program is expected to be submitted to the EU summit held in the end of this month to discuss.

China steel net point of view: There is a saying: "open source" than the throttle, especially for the euro area countries. Circumstances that hinder their economic development, the implementation of large-scale tightening can only dampen the domestic economy, could eventually lead the economy has entered a vicious cycle of debt countries are likely also could not pay the debt. From this perspective, the development of the domestic economy, the implementation of the stimulus may be an important way to solve the debt. Hollande economic stimulus package, I think, now, there are some difficulties, especially Merkel side, However, in the long run, is expected to resolve a debt of Hollande "may become the mainstream.


Other News:
International news week in review (6.18-6.21)
The advantages of high-speed milling mold process
Performance requirements of the motor bearing grease
The four European heads of state agreed to a ? 130 billion economic stimulus pla
Rent Airports of Thailand to engage in research suspected an ulterior motive.
Crude oil prices fell below $ 80 a barrel, the critical point
Machine tool industry: used five kinds of rolling bearings
June 21 News Overview