Countries within the Eurozone have to face
the hazards of rising deflation and a potential risk of a serious Euro crisis.
As the Euro becomes increasingly valuable, countries such as Italy and Spain,
which are already struggling to handle their debts, are getting more and more
in arrears. These countries are not capable of paying back the runaway-debt,
which continually becomes higher. They encumber themselves with even more
credits, simultaneously cutting wages or other earnings of the citizens. In
this problematic cycle of debt, the only possible solution seems to be the
devaluation of the Euro, hence inflation. By shortening down the runaway-debt,
these countries could pay back a great sum of money and thus accelerate the
process of developing their economic growth. However, Germany refuses to rise
the percentage of inflation as the country derives a great benefit from the
deflation. Germany's politicians forget to consider the risk of being affected
by the potential Euro crisis too. Once the Euro crisis befalls even the more
prosperous countries such as Germany and French, severe damages could occur.
Not only are the indebted countries endangered, but every European state will
sooner or later feel the full impact of the Euro crisis.
200 words
I like your summary although I think that
you should have written an introduction sentence where you mention the author,
the source and what the article is about. Your summary starts rather abrupt. I
also think that you should have divided your summary into paragraphs (at least:
one for the introduction sentence, one for what the article was about and one
concluding paragraph). However, I have the feeling that you understood the
topic very well and wrote a nice summary (from my point of view). You used some
really sophisticated words and topic related terms such as “arrears” or
“prosperous” (one of the Porter words for PC1 J). All
in all, I liked your summary and would advise you add an introduction and
divide it into paragraphs.
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