The last time I checked, the Eurozone’s GDP was about 100,000 euros. That means that the Eurozone’s GDP has grown from roughly 1.6 million euros to about 1.8 million euros in the last six months. To put that into perspective, it means this is a fairly sizable sum of money.
In fact, the Eurozones GDP is about a third of the GDP growth of the EU. So why should we pay attention to the Eurozones GDP? It’s about the price of oil, which is one part of the currency. Because it’s really good, bad, and ugly.
The Eurozone economy is growing at a healthy pace, but the price of oil is still extremely cheap. As a result, European politicians are worried about the Eurozone’s ability to pay its debt. The Eurozone’s economy is dependent on the price of oil, so its politicians are trying to ensure that the Eurozone continues to be able to pay its debt. They have a few tricks up their sleeves. One of them is to keep the price of oil artificially low.
The Eurozone is currently trying to put the price of oil at a level that makes the country’s debt payments to the IMF, European Central Bank, and International Monetary Fund (IMF) affordable. It’s a very complicated system, and every single step is a struggle.
That’s the thing though. The price of oil in the US has never been that low. It’s been in the 30s for the last two years, and the current price is closer to $40 per barrel. Meanwhile in France the cost for a barrel of oil is around $70. So for the Eurozone members, it’s not that difficult to keep the price of oil artificially low.
The problem is that the US does have a lot of debt. Which means that its not that easy to keep the price of oil artificially low. If it were easy, all the oil companies would be paying the same price for the same oil, and there would be no oil. The problem is that the price of oil is artificially low because of the US’s large debt. And its not just the debt of the US. Its also the debt of all of the other “safe” countries.
When the price of oil is artificially low, it’s also the debt of all of the other safe countries. And the debt of the countries that have been paying the oil companies for a long time. And it’s not just the debt of the oil companies. Its also the debt of the countries that pay more in oil for less debt. This makes the oil companies pay less, and the debt of the countries that pay less in oil for less debt.
Now, there are a lot of people that are upset by this. For the most part, we are all in agreement that it’s an artificial way for the oil companies to make more money, and the countries that are paying oil companies more for less debt. But there are some people that are upset with this because they think that means that the oil companies have no idea how to pay back the debt. And this is absolutely not true.
There is no such thing as oil companies being “afraid” about paying back debt. These companies make money by selling oil, by extracting and refining it. The oil industry that is paying less to oil companies than it is to countries that are paying less for oil are just trying to make more money, so they are buying more debt to buy more debt, and that makes them more money.
These companies are paying less for oil, not less for debt. The only reason they are paying more to countries is that they are buying more debt.
