As European markets were boosted this morning by the news that Greece had voted in the pro-bailout New Democracy market, the indication was that the Eurozone project has the potential to recover.
As European markets were boosted this morning by the news that Greece had voted in the pro-bailout New Democracy market, the indication was that the Eurozone project has the potential to recover. After weeks of negative news stories heralding the collapse of the Eurozone, today started brightly for member countries. Despite this positive news, there is no getting away from the fact that there will be difficult times ahead for most Eurozone countries. Difficult decisions loom large, with the future of the EU concept at stake. Even with the medicine of austerity, there is still a very real possibility of Eurozone collapse. Greece may have voted in a pro-bailout government, but Italy, Spain and Portugal all teeter on the brink of collapse, and this morning’s outlook remains bleak. There are rays of light however, as Wolfestone Translation Director Anna Bastek commented: “Here at Wolfestone one of our primary objectives is to encourage international trade. There are countless news stories about the doom and gloom for UK and EU companies. But every day we see and partake in many positive news stories. Many of our clients, who invest smartly, by targeting the right markets for their products, have seen dramatic increases in their fortunes. As labour costs in East Asia have steadily risen, European companies have found themselves with a new found competitive edge. As the EU becomes more competitive, with a reputation for quality and durability, European production can form the basis of an economic recovery. By keeping borders open to trade, expanding EU reach internationally and targeting the right markets, we can trade our way out of the economic slump. The message from Wolfestone clients is clear: with a healthy balance of risk and reward, by managing risks and targeting the right markets, on-going trade is the answer. The message is clear: we can trade our way out of this situation.
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