From the financial crisis has now been three years had passed and the economic recovery in the western countries not only weak, and are in trouble. Worse, the fundamental to find a solution to problems, out of the way and way out.

The dilemma is debt. After the financial crisis developedCoach Purses western countries with fiscal deficit sovereign debt climbed to the highest since the end of world war ii. Moody's, a rating agency, according to a study from 2007 to 2010 the global public debt would increase by about $15.3 trillion, with eighty percent of them coming from the western the g7. In may this year the United States Treasury of up to $14.29 trillion, President Obama signed cap improve debt limit and reduce the deficit, the debt of bill dissolve the breach "close care" just in market for fiscal deficits can truly cut "ahead". The United States more than half the states of debt, some states is on the brink of bankruptcy, can rely on debt, California distress by the financial status of forced state released ahead of even more than 40000 prisoners, Michigan, some cities misdemeanor cut a third of the police to reduce spending. And in the euro zone, sovereign debt crisis continues to spread across, following the Greece, Portugal and Ireland later, its third, fourth largest economy Italy, Spain is also believed to have may face defaults, France debt risk also worrying. In fact, the United States and many European countries economic growth would have deep in debt, can only rely on mode by borrowing new debt also old debts to the economic and financial problems. In response to the debt crisis, the United States has repeatedly with quantitative looser monetary policy, cause serious flooding in global liquidity, emerging market asset bubbles rise, go against the world economy risk overall recovery process.

"No employment" recovery is also common troubled western "crisis sequela". In the second quarter of this year the United States GDP growth was only 1.3% in July, the unemployment rate better than expected, but is still as high as 9.1%. Some scholars analysis points out, the real unemployment rate is much higher than the official unemployment rate. The unemployment rate is still at about 9.4%. Former British prime minister Gordon brown points out, the next 10 years Europe and the United States will face huge unemployment. Economic recovery is difficult to pull the employment and consumption, low consume in turn affect economic recovery, to overcome debt crisis and the tightening measures to reduce red and exacerbated the this kind of vicious circle, this is the west economy faces a difficult to get rid of the difficulties.

Former federal reserve chairman Alan greenspanDiscount Coach admits: "the big Banks and high income of rich people have been enjoying the 'economic recovery', and economic entity of small and medium-sized enterprises, and a great part of labor, but can't get away from economic difficulties and still in difficult struggle". Greenspan pointed out this kind of phenomenon, just reflects the essence of western economic system.

In political deadlock

An obvious is the fact that, in recent years almost every western government's approval ratings are falling.

American democracy, bipartisan in the debt limit debate Coach handbagsperformance of "pain, differences and disorder" shook the world, American sovereignty credit rating was cut caused uproar in the world. Obama said the United States President, the country no problem, have a problem is that the United States politics. Standard &poor's published in the statement said the American political decision-making process, the uncertainty of the increase in American politics, the confidence of the decision-making mechanism, and it is the decision to cut down the United States the basic reason for credit rating. CNN television host pierced the kali, says the United States is political system to solve the question ability in dramatically reduced. The international community has two party to the United States, people think that a strong response performance happened in Washington is not just an economic crisis, but also a political crisis: the two parties will fight in the world economy party safety and the national interest, Coach outletand damages the United States on reputation, also shaken to the world in the American political system of faith.