Friday, March 27, 2009
Europe's financial frostbite
It seems that those economies further from the continent's economic core seem to experiencing something similar. Capital seems to be flowing away from the peripheries towards the continent's "heart". Iceland, Ireland, Latvia, much of Eastern and South Eastern Europe are heading towards deep recession with massive declines in economic output. Let's hope that we avoid the next step;
"In extreme cold, or when the body is exposed to cold for long periods, this protective strategy can reduce blood flow in some areas of the body to dangerously low levels. This lack of blood leads to the eventual freezing and death of skin tissue in the affected areas."