China causing problems for Germany and European Union

China has been using skillful tactics of threatening trade war and increased purchases with the E.U. and now have caused a major issue. Due to these threats China has appeared to have caused a gap between Germany and the rest of the European Union. After years of being a loyal supporter of the European Union, Germany must take China's side of things now. Germany's economic minister said Monday that Germany was voting against the European Unions purposed $27 billion dollar tariff on imported solar panels from China. A test Tuesday however showed that not only Germany but the majority of European governments opposed the tariff on Chinese solar panels. Looks like China wins this one.

Britain in trouble

The International Monetary Fund released a report on Wednesday stating that though recent economic data showed signs of improvement, the information did not suggest any major economic recovery any time soon. This is completely different compared to what the Governor of the Bank of England Meryvn A. King said last week. King said that there was a, "welcome change in the economic outlook," and that the recovery of the English economy was "in sight." George Osborne, chancellor of the exchequer said that the English economy would improve quicker if the government would slow its spending cuts and tax increases. The International Monetary Fund said that in their current economic situation, calling for additional public spending would be a good thing.

Unemployment

So the short - term unemployment here in the United States has fallen back to where it was back in the year 2007. Although short-term unemployment has fallen the amount of long-term unemployment is still very high. Although long-term unemployment has dropped to 4.1% that is still too high. More than half of the people in this category have been umemployed for atleast 15 weeks. There are also 4.4 million workers in the United States that have been unemployed for atleast 6 months, thats really not a good thing. 4.4 million unemployed workers might be lower than that peak of 6.7 million workers but is still unacceptabe.