I think Europe is very much dependant on what Greece does (there are rumours they plan defaulting on their next repayments) but Greek officials have dismissed that as nonsense.
UK depends how the general election goes. The current situation is really dragging the value of sterling down, however that's kind of a good thing for our exporters. The problem is, it's starting to offset savings from such as the low oil prices meaning we're not getting anywhere near the same benefit from that in our economy (lower pound means oil costs us more to import as our currency is at a 5 year low against the dollar)
I do think countries like Germany need to start spending a bit more and stop hoarding (maintaining a large trade surplus) as doing this is invariably causing the Eurozone's stubbornness for growth. It's sapping the demand out of the rest of the zone meaning there is nothing to create the demand to enable growth.
Not really clued up enough about other economies at the moment to really put much forward.
RIP Dad 25/11/51 - 13/12/13. You will be missed but never forgotten.
