Friday, December 14, 2012

As Eurozone Economy Shrinks, Gov't Debt Loads Grow | Redux

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As Eurozone Economy Shrinks, Gov't Debt Loads Grow

50 Euro Notes - European Central Bank
50 Euro Notes - European Central Bank by BlatantWorld.com
License (according to Flickr): Attribution License
Excerpt:

Europe's government-debt crisis is no longer panicking financial markets. But it won't end until the region's economy starts growing strongly again. And that will be a while. The economy of the 17 countries that use the euro has shrunk for two straight quarters — a common definition of a recession — and analysts forecast little or no growth until 2014. Without growth, there won't be enough tax revenue to help countries like Greece, Italy, Spain and Portugal narrow their deficits and slow the expansion of their debts. Their debt burdens as a percentage of economic output, a key measure of fiscal health, look worse by the day. The eurozone's combined debts are equal to about 93 percent of the region's gross domestic product this year and that figure is forecast to rise to peak at 94. 5 percent next year. In 2009, the eurozone's debt-to-GDP ratio was 80 percent.

People:

Raoul Ruparel

Overall Sentiment: -0.0105268

Relevance: 0.387558

SentimentQuote
-0.183964"The worrying thing about the projections is, the peak seems to keep moving," says Raoul Ruparel ...
Sentiment Stats:
  • Number of Quotes: 1
  • Aggregate Sentiment: -0.183964
  • Mean: -0.183964
  • Standard Deviation: 1.4142135623731

Key:

  • Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
  • The Mean is meant to be an indicator of an individual's average comment sentiment.
  • The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Organization: European Central Bank

Overall Sentiment: -0.0738239

Relevance: 0.387939

Organization: EU

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Relevance: 0.33467

Disambiguation: Location | Country | GovernmentalJurisdiction | MembershipOrganization | AwardWinnerReferences:

Organization: Parliament

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Company: ECB

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Continent: Europe

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Continent: European

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Country: Greece

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Disambiguation: Location | GovernmentalJurisdiction | WineRegionReferences:

Country: Italy

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Relevance: 0.549171

Disambiguation: Location | HumanLanguage | PoliticalDistrict | Region | AdministrativeDivision | GovernmentalJurisdictionReferences:

Country: Spain

Overall Sentiment: 0.017361

Relevance: 0.497516

Disambiguation: Location | AdministrativeDivision | GovernmentalJurisdiction | KingdomReferences:

Country: Portugal

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Relevance: 0.42885

Disambiguation: Organization | Location | CompanyDivision | GovernmentalJurisdiction | AirlineReferences:

Country: United States

Overall Sentiment: 0

Relevance: 0.337781

Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:

Country: Ireland

Overall Sentiment: -0.018843

Relevance: 0.303984

FieldTerminology: gross domestic product

Overall Sentiment: 0.0362759

Relevance: 0.358892

FieldTerminology: GDP

Overall Sentiment: -0.0951716

Relevance: 0.313471

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