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Diverging current account balances in the euro area
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While the current account of the euro area is broadly in balance, there are huge divergences among the member states. |
Countries
Germany's economic mirage
09.01.2008
By: Wolfgang Munchau
2008 will be another good year for Germany, but then the economic performance will significantly worsen. And it has nothing to do with subprime...
Who is Henri Guaino?
12.12.2007
President Sarkozy's European advisor is either stupid or he wants to destroy the euro area - or both.
Watch out for political change in Germany
24.10.2007
By: Wolfgang Munchau
The SPD is shifting to the Left. It is not good for the country, but it is correct tactical decision. I would no longer rule out an SPD-led administration after the next elections.
Some thougths about the future of the euro
18.10.2007
By: Susanne Mundschenk and Wolfgang Münchau
Forget Italy, or Spain. The real danger to the long-term sustainability of the euro are the continued ideological differences between France and Germany, which have widened since the start of the EMU in 1999.