Global economy uncertainty.The Unsolved European debt problem consequence

The still unsolved European debt problem, is charging its fee on the global economy current prospect.It seems that a global economy slow down, has become unavoidable. Policy makers are preparing theirs best tools to deal with it.Latin America average economic growth expectations, close to 4% a few weeks ago, might also be hit.However, quite to the opposite to previous experience, this time Latin America has better and more effective options to overcome the impact of such slow down.It has an healthy external financial credit,a banking system isolated from the the risk exposures of other global banks, and policy makers capable to coordinate policy response, in case it is needed. No matter the good economic stand Latin America has to face the current uncertainty , the key issue is still related to the real impact the European events, will have on the global economy as a whole.European zone is still in a recessionary mood ,and it perform like a brake to the global recovery dynamics. Whether the Euro zone is capable of dealing orderly with Greece economy weakness, it can make a difference.After all , it is not just up to the Greek Government to decide on its own, what it has no way to get control of.Either, to leave or to stay with the euro zone ,would probably be a joint euro zone and Greek Government decision. This means that in case it is decided Greece is better off out of the euro zone , it will be based on a plan to mitigate the cost. The critical issue would be if it happens the other way around.With no guide line plan,no clear path where the Greece economy is headed to, after such a move. In time of uncertainty, there still some room for trust in the quality of judgement of global leaders , politicians and Global financial institutions.