Economics and politics - comment and analysis

Romania, a new crisis, an old realisation: Eastern Europe is caught in the appreciation trap

If there is one constant in Eastern Europe, it is the lack of constancy. Nowhere else are there such frequent changes of government or desperate attempts to form a functioning government through one snap election after another. Bulgaria, for instance, had gone through a striking series of snap elections before the vote two weeks ago at least offered hope of forming a government capable of governing.  …

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Who is missing the mark on competitiveness within the EMU – or just how fierce European competition for industrial goods really is

Today saw yet another interesting and extremely important statistic that has gone unnoticed by both the media and so-called economic science. As it does every month, Eurostat published the trend in producer prices for the manufacturing sector. The latest available figure is for February, …

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The trade unions (and the SPD) are speechless – they know nothing about macroeconomics

If you are wondering why we are having an idiotic debate about economic policy, read the document linked here from Surplus magazine, which was taken over by a news agency. In it, Germany’s largest trade unions complain about the attacks on the welfare state that are carried out almost daily by the governing parties. …

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