SUMMARY OF EUROPE ALREADY HAS ONE FOOT IN “JAPANESE“DEFLATION GRAVE
According to the author; the current economy faces the same problem as decades ago (1). Debts keep rising and no government knows how to prevent financial crisis (2). The situation will become more lethal for all EU- members since the Inflation-rate (3) keeps falling which makes it more possible for Europe to fall into debt (4). Over the past months examples, such as Italy, Spain and Greece, give an impression about what will happen to other countries if deflation starts (5).
The authorities can look back on similar cases that happened in the past. The Japan syndrome which occurred in 2002 is a reminder of how dangerous this scenario can become. Currently, it seems that there is no opportunity for the indebted states to flee from their debts (6). As a result many countries cut spending first, to prevent their debts from rising (7). This leads to reciprocal accusations because the governments do not know how to improve their financial situations (8). Italy, Spain and Greece would benefit from inflation; however, Germany is against it at the moment.
As a solution Club Med allies should gang up to receive what they need. Most countries are still hoping for the best case scenario, but the chances are near zero (9).
200 WORDS, NOT INCLUDING TITLE
My comments:
- I don't think you need the semicolon after the author; also I would rather say the current European economy because the article basically is about Europe, and not the whole world.
- I'd rather say how to combat the crisis as the crisis is happening right now.
- As far as I know you don't need these two hyphens.
- It is more likely, not more possible; also, Europe already is in high debt, I'd rather say fall into deflation, because isn't that what the author is saying all the time?
- Examples, such as -> no need for the comma after examples; If I understood the author correctly those countries are not yet in deflation (only in high debt), they simply have too little inflation.
- Aren't they supposed to pay them back instead of fleeing from them?
- I would leave out the first,
- I don't think you say situations, singular is fine.
- I would put in something like the author says that because without this it sounds like it is your opinion. Also, these last two sentences seem really vague in comparison to the rest of your summary.
All in all I have to say that I don't really think it is a good summary. You forgot to mention the authors name in the beginning and somehow your summary is lacking a proper introduction sentence. Also, the conclusion is somehow really short and abrupt, maybe you should have left out something above (like naming the states, in my opinion that is not really necessary) and instead write a more developed conclusion. This is just my personal opinion, but I got the feeling that you did not really get the text - which I can fully understand, it was horrible! I hope you are not too discouraged by my feedback, it really is just my opinion, and maybe you can even understand some of my remarks and they help you with your next summary.
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