The EU economic crisis 2011
The EU has so many problems. With the Economic collapse of the 2008, the various economies are trying to get a strong economic growth. This has been very elusive.
The WTO opened the whole world widely for all countries with good plans to build there own economies. China, India and the BRIC countries are doing well. This is combined with social media which helped the fast moving information in all aspects.
All Countries that didn't participate in the Housing systems are doing great, Canada.
The United States economy started to pick up speed. From monthly loss of 800, 000 Jobs into 100,000 Jobs plus per month. 800 Billion Dollars TARP, 50 Billion Dollars assistance to the auto industry, bankruptcy and recovery, and 2 consecutive Federal Reserve Quantitative easing helped the economy so much. The unemployment went down from 10.6% to 8.5%.
Many of the countries in the EU will stand together to support the existence of the EU. Although many countries have been downgraded one notch, it may not have that much impact.
Greece will drop out of the EU for a while, yet will be supported by the EU, China, and USA. After all the economies are connected.
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