There has been a historical step taken up by the European Union Leaders over the fiscal integration during early December. In-spite of all the steps taken by the euro zone crisis economists stated that nothing would be easing the debt crisis. The debt crisis is reaching the third year for the coming 2012showed the Reuters polls and will still be hogging. The leaders have been doing very less for stimulating growth as for further Spain and Italy will be pushed into more recessions.
Right now the euro zone is having moderate recession and will continue till the last midway of the year 2012. The euro zone will be the area which will be the source for the financial instability for the rest of the world. There would be still decline in growth capacity and will be facing in the euro zone and growth will be in developed countries. There would be more funding necessary for Spain and Italy for the next year says some of the economists.
In the current form the euro zone will not be surviving while there would be a downgraded growth forecasts in developed countries. There has been a lot of uncertainty and is seen thought the asset Reuters allocation polls conducted by about investment houses. The has been a lot of concerns raised by the investors about their cash and about the financial balance. There has been a increased preference for the cash and the moves by the British and Asian shares rather than the euro zone.