Tag Archive

Deflation Hits Eurozone

Eurozone inflation turns negative
By Ralph Atkins in Frankfurt, June 30 2009 11:03
Eurozone annual inflation has turned negative for the first time, complicating the job of the European Central Bank as draws a line under emergency measures to tackle continental Europe’s recession.
Consumer prices in the 16-country eurozone were 0.1 per cent lower in June than [...]

Krugman Confirms GR.info’s Thesis that EU will suffer worse slump due to monetarist orthodoxy

By PAUL KRUGMAN
Published: March 16, 2009
I’m concerned about Europe. Actually, I’m concerned about the whole world — there are no safe havens from the global economic storm. But the situation in Europe worries me even more than the situation in America.
Just to be clear, I’m not about to rehash the standard American complaint that Europe’s [...]

Eastern Mess

VARIABLE VULNERABILITY
By Stefan Wagstyl, February 25 2009
This should have been a year of celebration in central and eastern Europe. It is 20 years since the Berlin Wall fell, the 10th anniversary of Nato’s eastward expansion and five years after the European Union began its enlargement into the region: from the Baltic to the Black Sea, [...]

Eastern Europe into Abyss: Will Also Eurozone Be Sucked into It?

TURMOIL OVER EAST EUROPE
By Stefan Wagstyl in London, Alan Beattie in Washington, and Aline van Duyn in New York

Fears of banking upheavals in eastern Europe and the potential fallout on western Europe yesterday triggered widespread turmoil in global financial markets.
Sharp declines in east European equities and currencies prompted drops in west European bourses and the [...]