Summary of „Europe has one foot in ‛Japanese′ deflation grave”
The article „Europe has one foot in 'Japanese' deflation grave” published on the 23th ofOctober in “The Telegraph” and written by Ambrose Evans-Pritchard, outlines the Europeandeflation crisis. It explains that Europe is slipping towards the deflation problem Japan is inright now. France, Italy, Spain and other European countries are in the beginnings of adeflation crisis already while some rich European countries like Germany seem stillunaffected. Yet inflation is too low and dropping towards zero percent throughout Europe.Deflation can cause extremely dangerous runaway debt which countries have no chance ofever paying back. One possible solution for this problem is raising the inflation rate but yetunaffected countries like Germany are not in favor of this proposal. The author then suggeststhat France, Italy, Spain and Club Med allies should force Germany to implement reflationpolicies because this seems to be the desperately needed solution. Instead of changingpolicies, however, Europe is doing nothing to escape the disaster. They hope for globalgrowth to save them, even though this is far from secure. To conclude, Europe is far from safefrom a serious financial crisis and is doing nothing to stop it.
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I liked this summary, although I would say that it would have been better if the author had divided the text into paragraphs in order to keep the writing clear and easier to understand. I would also say that all key points are included and there is no overuse of linking words, which is good. One more thing that I would change in the summary is that I would make the first sentence a little bit shorter, so I could use those words to explain something more complex in the middle of the summary or in the conclusion.
