Thought Force

The debt crisis of euro zone has been a biggest threat for the global economy and actually for the currency zone. According to the OECD who reported the major threat for the global economy speaking about the forecast in bringing down the crisis.] The forecasts were slashed and urged the ECB which would be playing a bigger rile in defusing the crisis. The risk of euro is seen and cannot be deny-ed stated chief economists Pier Carlo Padoan to Reuters in an interview.
There still exist a possibility to avoid the risk of the euro and the inaction would be a global economy. If there is a failure in the US lawmakers and the worst scenario to spending in the reduction plan it would be a downturn. The devastating downturn would be for the world economy if the worst inaction of euro zone crisis would continue. If decisive action would not be taken from the euro zone leaders the ECB(European Central Bank)has control over the crisis.
There is a policy behind the curve stated Padoan to the news conference over the running out of the euro zone. The occasion to act effectively to the price having a positive outcome which needs to go up at the conference. The absence of the action from the policymakers was to sapping the households and the companies confidence. The damaging volatility on the markets of the financial has began as the solid growth is witnessed by the emerging economies.

On Monday China stated that it has been shocked by the attack which has happened in Pakistan which killed 24 people and injured many others. China said that the attack by NATO in Pakistan has left China shocked and told about its concerns over the attack. China expressed its strong concerns and asked for an investigation over the attack which has happened in Pakistan. While China voiced the support for Islamabad over the Attack Chinese Foreign ministry told to the countries.
China told the way other countries who need to respect the sovereignty and territorial integrity of Pakistan. Just after the raid in Abbottabad which had lead to the question of Pakistan by many of the countries. The raid which many countries had Pakistan to crack down of the terror China had a rare source of support for Pakistan. For the embattled Pakistani leadership China has been providing with a support which is rarely being given.
China stated that it believed in the independence,sovereignty and in the Territorial integrity of Pakistan. The details of the speech was spoken on Monday by Hong Lei who is the foreign Ministry spokesman from China. The attack and the incidents needs to be investigated and handled in appropriate manner and find out the details. The shock for the attack of Pakistan was indicated by China and expressed strong concerns over the victims of Pakistan.

For the fourth day the flood day has been affected the residents of Philippines in the Bulacan province in north of manila. The floods had started 30 and still continues to flood most of the area with water and in the township of Calumpit which is in Bulcan province. From Sunday the Rescuers have been struggling to contact the communities which are in the provinces of northern in Philippines. The northern communities there are rescuers who can come and rescue the affected people and in the main Philippine island.

Last week the province has been hit by two powerful typhoons and the whole towns has flooded and many people has been affected. Officials visited the flooded towns which are in the north of capital of Manila and would be providing help for the affected people. There has been small boats and trucks which has been delivering food and water to the affected people and evacuating people. There are many people who have been stranded over the rooftops of buildings and most of people have been bought by the typhoon. The name of the typhoon is Nalgae which seamed into Luzon during Saturday which killed one person and affected manly people.

Another typhoon is Nesat which killed about 52 people and has left about 30 people missing and the typhoon Nesat stuck on Tuesday. According to the forecaster there may be another storm which has been forming near the east coast of the island and may hit later this week. Nalgae affected and left Pulpiness and went towards the south China sea but authorities of Chinese feel that there may be landfall in Guangxi province. On Saturday three people were being killed when homes collapsed and affected by the TYphoon Nesa and heavy rain while five highways were cut off due to flood.

It would cost over 200 billion dollars for Germany , say experts. That is a huge amount for bailing out Greece once again, but Germany might better do that rather than face the monstrous consequences of a Greece fallout.
In Greece declares bankruptcy , it would be the German banks that would be hit and there could be more German exports at stake to the disturbed PIGS countries than any other country in the world.
So expect Germany to continue to fork out few hundred billion dollars more for bailing out Portugal / Spain and Ireland in the coming months or weeks.
Only when Germany sees a decline in the overall exposure to these countries in terms of credit and also in terms of exports, it would be ready for a show down. Till then Germany does not seem to have a choice.
Rhetorics do not stand the test once again.

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The fight still continues between the Libyan rebels and the Gadhaffis forces in Ajdabiyah on Saturday. The rebels have been asking the help from abroad for better equipped but still Gadhaffi forces has not received none. A reporter from Ajdabityah clearly stated that there was air strikes seen till Friday afternoon and had been decisive. The better armed forces of Gadhaffi was stopped early as the rebel advance near the major oil export was seen.

The oil export terminals was near Ras Lanuf which was about two weeks before and was pushed back to Benghazi. The push was stopped until the western powers stuck into the Gadhaffis positions which were from the air and sea. At present the Gadhaffi forces has been retreated say some witness and the rebel fighters involved from Ajdabiyah. The Gadhaffi forces has shelling in Misrata which is in Western Libya and was eased after the bombing.

The bombing was done by the foreign warplanes states the rebel Abdel basset Abu Mzereiq from the phone to Reuters. The only big rebel stronghold which is left in the west of Libya is Misrata and is being cut off from the main rebel force. The main rebel force which is fighting against the Gadhaffi troops which is in the east where the bombardment still continues. A spokesman from the Benghazi reports that two rebels where killed due to the shelling which happened on Saturday morning.

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