GDP releases are, by nature, lagging indicators and thus do not say a whole lot on the current momentum in the economy. Moreover, the immediate attention span when it comes to the Eurozone remains, and rightly so, focused on the situation in Greece (and Spain) and what plan exactly that is to emerge from the [...]

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
Churchill 1942
Summary

The extent, so far, of the internal devaluation process depends on the time period used for analysis. Using Q3-2007 as the beginning of the economic crisis suggest that Greece and [...]

On Wednesday, it had been 20 years since the fall of the Berlin wall and the eventual collapse of communist political and economic system in Central and Eastern Europe. However, there is still discussion about economic costs and benefits of German reunification (Wiedervereinigung). I’ve been motivated to open this debate by professor Becker’s analysis (link) [...]

The analysis that follows accompanies Manuel’s political overview, over at GEM, of the recent events in Germany as well as Edward’s economic survey of the current state of play in the German economy. Essentially we are going to have a look at, arguably, one of the more salient features of the German economy in the [...]