Hello to all my dear readers,
Today I will do something funny and entertaining. I chose a text, which
we had to write for English class, from an anonymous person and I will try t
give constructive critique on it. I just hope that my summary is okay because
otherwise I will be in trouble. After you finish reading feel free to tell me
your opinion on both the original text and my “correction” of it. :)
anonymous
text:
Europe already has one foot in ‘Japanese” deflation
grave
“The debt deflation theory” by professor Irving Fisher
would take EU authorities far in the
battle against rising debt. As the American Revolution
has shown, deflation is an
underestimated danger with the potential to lead to
economic disaster. If total debt grows too
high, as happens in Western Europe, deflation gets
mortal. The eurostat index depicts that
deflation has dropped. The tendency of falling prices
is seen in many countries. Similar to
Japan’s crisis, the eurozone economy is in endangered
by high debt ratios and sustained
deflation. Zsolt Darvas from the Brussels think tank
Bruegel equates deflation with bleakness.
He accuses the European approach of the debt crisis
and mentions the dilemma of states being
pushed to “internal devaluations”. Vicious dynamics
such as the “denominator effect” are
witnessed in countries like Italy, where debt rises
faster than GDP. The same is true for private
debt, where with crash diets for erred states,
economic self destruction was only enhanced.
For Mr Darvas, let inflation elevate means escaping
from the deflationary spiral. Responsible
for money shifting to Germany is the ECB and non
counteracting member states which fear
Germany would leave the eurozone. Europe hope for
global growth to fight the deflation
virus.
The first problem I noticed
was that the very first sentence is missing. Normally you would write where and
when the article was published and who wrote it. In my opinion, the author of
this summary also included unnecessary information such as the reference to the
American Revolution. Other than that I am not quite sure whether the summary is
really easier than the original article. Of course most of the complicated
vocabulary was left out but due to the complicated structure of the sentences
the whole text was rather confusing. I don`t think that those are the biggest
problems because when I read the text for the first time I didn’t understand
anything but what shocked me a little bit were the spelling mistakes. From time
to time the author forgot to add an “s” to the verb in the third form singular.
Some words were spelled wrong and I am not sure but I think that usage of
mortal in the phrase “deflation gets mortal” wrong is. I don`t want to mention
every little mistake but I highlighted the ones I immediately noticed.


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