Monday, November 25, 2013

Comment on a summary


SUMMARY – Europe already has one foot in ‘Japanese’ deflation policy      
(The Telegraph)

            What happened in Japan some years ago is now happening in Europe. Deflation has arrived and with it all of its inconveniences. A serious wariness about how to sustain the Eurozone and its debt rates is now exploding and a tense atmosphere can ne breathed Europe. Although the whole EU is immersed in this critical economic situation, different countries are approaching this situation in various ways. For example, the known as PIIGS are implementing austerity policies without offsetting any monetary stimulus. This directly affects the population by growing of the unemployment rates and basic care needs. Why is this happening to the PIIGS? Because of the “denominator effect” this means that debt is growing faster than nominal GDP. On the other side there is Germany that apparently is not doing bad, but is also at risk because of one the possible solutions that is being considered is that “Club Med” gets together with Germany so that it can implement the relation policy. Another possible solution could be inflation, but for the moment the option governments, politicians, economists … are taking is to hope for global growth to save us.

What happened in Japan some years ago is now happening in Europe. Deflation has arrived and with it all of with all of its inconveniences. A serious wariness about how to sustain the Eurozone and its debt rates is now exploding and a tense atmosphere can ne breathed Europe. Although the whole EU is immersed in this critical economic situation, different countries are approaching this situation in various ways. For example, the known as PIIGS are implementing austerity policies without offsetting any monetary stimulus. This directly affects the population by growing of the unemployment rates and basic care needs. Why is this happening to the PIIGS? Because of the “denominator effect” this means that debt is growing faster than nominal GDP. On the other side there is Germany that apparently is not doing bad, but is also at risk because of (??) one the possible solutions that is being considered is that “Club Med” gets together with Germany so that it can implement the relation policy. Another possible solution could be inflation, but for the moment the option governments, politicians, economists are taking is to hope for global growth to save us.
  • The student could have written a short introduction mentioning the author of the text, the newspaper and the date. This gives us an overview of what the article is about.
  • The summary could have been divided into separate paragraphs. That would make it easier to read. 
  • The student could have explained what the PIIGS are (because someone is reading this for the first time and probably does not know about "the PIIGS")


  • I am not sure what the author wanted to say with "can ne breathed Europe". I suggest rewriting it.
  • "the known as PIIGS" -->something is missing. I would suggest writing: "The countries know as PIIGS" or similar.
  • "Because of the “denominator effect” this means that debt is growing faster than nominal GDP.". I would suggest rewriting the whole sentence as it is not quite clear. Maybe write: "Because of the “denominator effect” dept is growing faster than nominal GDP."
  • "On the other side there is Germany that apparently is not doing bad, but is also at risk because of (??) one the possible solutions that is being considered is that “Club Med” gets together with Germany so that it can implement the relation policy." 
    • I would suggest rewriting the sentence as it is clearly too long and a little bit confusing. I do not understand what is meant with “because of one the possible solutions…”.
    • “to get together” is not high register. Consider writing something like “pair up”, “the unification of” or “unite”.
    • Maybe divide this long sentence into two sentences.
    • On the other side there is Germany that apparently is not doing bad, but is also at risk because of (somthing??). One possible solution is that “Club Med” pair up with Germany to implement the relation policy.   
  • Be careful with "..." in a high register text.
Other than that the text gives me a general overview of what the original article is about.  The anonymous author mentioned important arguments and stayed focused on the topic. The student seems to have understood the main points of the text and remained impersonal.



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