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The following article was published in our article directory on December 27, 2010.
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White Christmas Make European to Joy and Sorrow

Article Category: Business Management

Author Name: xia zihui

Christmas Eve, the European countries Heavy snow, snow everywhere, is a dream scene. In Western eyes, white Christmas meaning good luck, but shrouded in the shadow of the debt crisis, a white Christmas this year grew by nearly Europeans are blending.

In the Belgian capital Brussels, 24 supermarkets and shopping malls are still crowded. People fear the heavy snow blocked the road and seize the last moment of concern and preparation before Christmas, "New Year", so we prepared to celebrate the year's most important holiday.

Brussels, the Information Commissioner's largest shopping mall City2 Ms. Baladaier accepted Xinhua News Agency reporters Cai Fang and Shi Yuji, Christmas this year should be better than last year in sales. Belgian consumer organizations, according to Research and Information Center predicted that this Christmas week, Belgium merchandise sales growth of 40% than the same period last year.

Transfer of the economic situation consumers are more willing to spend the holidays in Belgium. Last year, due to financial crisis, the Belgian economy shrank by 2.8% in the Eurostat data provided in the past 30 years is the worst records. This year, the Belgian economy is expected to turn the corner, an increase of 2.0%, higher than the EU average. This year, the EU economy as a whole will also be out of the economic crisis, following the sharp contraction of 4.2% last year, the expected growth of 1.8%, but the beginning of the outbreak of a euro zone sovereign debt crisis gave the cast a shadow over economic prospects and led to polarization within the EU intensified.

Located in the euro area "hinterland" Although the Belgian was affected and market financing costs, but overall little impact. Compared with Belgium, as the debt crisis of the Greek and other source countries outside the euro zone is quite different.

Fall in the debt crisis as the first euro-zone countries, the Greek Government to implement a series of austerity measures, the original year-end benefits without huge this year, the Greek people were not enthusiastic about Christmas shopping, people have to tighten their belts, ready had a simple Christmas.

Constitution Square Athens first time in years does not put up on the huge Christmas tree, according to a recent sample survey, Qi Cheng respondents said that compared with last year, spending Christmas and New Year period should be reduced by 20%. According to European Commission estimates that this year the economy will shrink 4.2% in Greece, still in deep recession.

Shrouded in the shadow of the debt crisis, unemployment has once again become a top issue Europeans worry about. While the EU as a whole the debt crisis of the economic recovery has not been interrupted, but the unemployment rate remains high. As of October, the EU-27 unemployment rate has been maintained for 9 consecutive months of record high of 9.6%.

At the same time, in order to deal with the debt crisis, the EU and have to tighten fiscal downsizing the civil service, reduce public expenditure, improve the tax burden. These measures may be inhibiting economic recovery, resulting in more people to join the ranks of the unemployed, it led to several rounds of the European union mass protests.

At least 100,000 British civil servants will be laid off after Christmas letter received cruel. This Christmas, many people will be apprehensive flies.

Looking into the new year, the debt crisis is not only far from over, and even the possibility of further exacerbated. With the debt crisis and fiscal austerity measures began to show destruction, the EU economic recovery next year is expected to slow down.

For Europeans, the white Christmas is romantic, but not a good time next year.

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