Overview
The global trade imbalance has been made abundantly clear by the ongoing global economic malaise. In our view, the United States should be comforted, not flustered, if the dollar’s use as the sole global reserve currency were to come to an end, as some pundits believe may soon happen. The global financial crisis of 2007 has not yet been resolved, and China is yet to face the worst of its effects. German domestic policies postunification were as much responsible for the eurozone debt crisis as any domestic factors in the affected countries.
Consequently, very likely the EU’s debt crisis will continue to affect Spaniard and European economies and politics, probably leading Spain and other countries ...
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