Wednesday, November 20, 2013

Comment on summary

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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