Deflated: Prices in Greece at a 50-year low (Nov 2013)


Source: RT – Deflated: Prices in Greece at a 50-year low

Notable excerpts:

Prices of goods in Greece, from milk and bread to medicine have fallen by 2.0 percent in October, and are now at their lowest since 1962. Only the price of alcohol and tobacco increased in the last year.

Continue reading


Rajoy Punishes Exporters Sustaining Spain’s Economy (Jul 2013)


Source: Bloomberg – Rajoy Punishes Exporters Sustaining Spain’s Economy: Euro Credit

Notable excerpts:

Aliberico SL survived Spain’s economic crisis by expanding sales of aluminum panels in the U.S., Brazil and Morocco. Prime Minister Mariano Rajoy’s plan to raise corporate taxes may undermine the company’s efforts.

“The fiscal pressure is intense,” Clemente Gonzalez Soler, chief executive officer and founder of the Madrid-based manufacturer, said in a telephone interview. “The changes mean a loss of competitiveness for Spanish companies just at the moment when we need to export more.

Continue reading

Eurozone Fears For Slovenia As Bad Debt Brings Economy To A Standstill (May 2013)


Source: The Guardian – Eurozone fears for Slovenia as bad debt brings economy to a standstill

Notable excerpts:

Slovenia needs at least €900m ($1.15bn) by July to refloat one of its struggling banks. This is a large sum of money for a country with a GDP of only €35bn.

Continue reading

Japan’s Economic Rebound A Recipe For Europe? (May 2013)

Japan's Prime Minister Shinzo Abe attends a news conference at his official residence in Tokyo

Source: CNA – Japan’s economic rebound a recipe for Europe?

Notable excerpts:

The recovery of the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus.

Data released on Thursday showed Japan’s economy grew markedly in the first quarter, only weeks after a new government and a new team at the central bank set about stoking the world’s third-biggest economy.

Continue reading