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The economic crisis in fashion

Apr 1st 2014 at 9:16 PM

The economic crisis in fashion

Last week all media toss around new economic crisis and instability of the stock market, for trout can not only America, but also in the EU, led by Italy and Spain.

What does this mean for luxury fashion brands?

Since we are not indifferent to the fate of fashion, we wanted to know how the situation could evolve renowned fashion houses of Italy, and Spanish fashion chain.

Who is behind the water crisis and who can touch?

There was no entry Pray on the stock market early? A brand with which we could

At all Ingo gave us the answer. Mgr. Mare Rock, Ph.D., Professor of Economics in Prague

Could possibly ruin of Italy and Spain affect a firm in the fashion industry, or need Indicted in Spain, or, on the contrary these brand with a global presence to become drivers of the economy?

General debt problems are mainly a problem of governments that are beginning to have problems with financing its debt when financial markets are becoming reluctant to lend due to the higher risk

For a higher interest rate to compensate for the fear that his government will not be able to repay debts in the future (deterrence Greece) and governments such loans can no longer afford.
Immediately firms are in a debt crisis an issue.  Governments have yet to solve the problem of consolidation of public finances (slashing spending and raising taxes) is both a reduction in demand, which is already threatening.

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