Abenomics leads the Rehn-Merkel Doctrine 3.5 to -0.8
A study in differences. Economists must have a field day when there are such clear ‘natural experiments.’ Shame politicians and other actors still don’t understand. Yesterday a local business representative said that he doesn’t ‘do’ theory and that in the real world things work different – we must tighten, slash expenses etc. otherwise we are on the road to Greece. Unfortunately, there was no time for a response in the seminar but people like that prevent recovery.
Don’t believe anyone that says the Eurocrisis is nearly over
In this detailed commentary on the state of the Spanish economy, Edward Hugh mentions a number of reasons why for the Spanish economy, there is not much hope. One aspect is common through with that of a number of other European countries: a rapidly aging population and its influence on growth possibilities and the strain on welfare states hereof. Please read it all. Not optimistic, but you don’t hear this kind of stuff in the 8 o’clock news.