Amid the debt crisis in Europe, Euro-skeptics in Britain are dominating public discourse. British Prime Minister David Cameron is publicly hinting at a referendum on membership in the European Union. But remember, Britain, if you leave the EU, it's cold out there.
Germany's overall trade surplus continued to increase this year. But in trading with other eurozone countries, its €300 million surplus turned into a €1.1 billion deficit in August.This means that Germany is in fact helping to reduce the deficits of crisis-struck countries like Spain and Italy.
Gold prices fell on Monday as concerns over the global economic outlook and its impact on the coming corporate earnings season weighed on investor sentiment. But national holidays in the US and Japan were expected to limit trading activity and may have been partially responsible for the dip in gold prices.
China’s high inflation and stimulus-fueled real estate bubble have been aggravated by sagging global demand for Chinese goods. The impact is being felt all across China – and the world. China must move away from export-driven investment to consumption-driven growth.