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Europe: A Source of So Much Pain - Lord Abbett

Posted by Seton McAndrews on 1/6/12 10:09 am

For a better understanding of how the problems in Europe affect other countries around the globe, take a few minutes to read Lord Abbett's latest commentary. "Europe is spreading pain around the world in so many different ways that the catalogue has reached ungainly proportions. The panic from the risk of default and the possible dismantling of the euro has gained the headlines and depressed most asset prices across the globe. The austerity measures, seemingly demanded by the situation and certainly by the European Union (EU) and the European Central Bank (ECB), have clearly set Europe on a recessionary path that threatens the pace of global growth."

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