Tag Archives: Economy

Europe disarranged

There seems to be a lot in disorder these days in Europe. Greece on the edge of bankruptcy and the Euro under pressure like never before. However the skeletons that come out of their closets now have been knocking for a while. The situation after all is not amusing and would diserve a proper map visualising data that shows what is really going on. The data is available but if the day just had more than 24 hours… The map will come sooner or later I promise. It is probably going to be an angry map since that issue and how our politicians deal with it is upsetting me regularly.
So for now a more amusing map (I hope the authors meant it that way) found on the Economist online yesterday. For those who want to get to know more about the current mess in Europe and what should be done, I recommend reading this open letter from the German blog nachdenkseiten.de.

Make sure to read the article to understand what is behind that new order.


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Filed under Economy, Oddity, Politics

In the red

In November 2009 the European Commission published its autumn prognosis for the years 2009-2011. Striking is the prediction of the concerning development of the national budgets of most EU-states. According to the document hardly any of the EU-states will fulfill the Maastricht-criteria in 2010. The situation looks especially critical for Ireland and Greece. The tenor of public debates on this seems to be that the Irish or the Greek themselves are to blame for their situation. The term PIGS (for Portugal, Ireland/Italy, Greece, Spain) used expresses a poor attitude and might distract from the fact that the common economic imbalance in Europe is not entirely their fault.

For further reading: Times Online

Government balance and gross debt in Europe

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Filed under Economy