Individual Euro Area CountriesFor articles concerning specific countries/regions, please select from the menu on the left. |  |
Diverging current account balances in the euro area
 |
While the current account of the euro area is broadly in balance, there are huge divergences among the member states. |
Countries
Europe's decade of economic reform draws to a close
08.10.2007
By: Wolfgang Münchau
The SPD's specular U-turn is a sign that that the Hartz IV welfare reforms have failed. Europe's electorates have regrettably, but logically, concluded that parties advocating economic reforms cannot be trusted.
The end of the Irish boom
28.09.2007
By: Marc Coleman
The Irish housing market is headed for a big downturn. This was expected to happen at some point, but it is becoming political problem for a government that has promised too much.
The challenges of joining EMU under price level convergence
10.09.2007
By: John Lewis, De Nederlandsche Bank
How difficult is it to meet the Maastricht criteria and and for how long? It very much depends on the entry strategy. Exchange rate fixers have very little scope to accommodate price convergence via inflation, and hence find life much harder than inflation targeters who have some room to appreciate their nominal exchange rate in ERM-II.
Another Landesbank bites the dust
27.08.2007
By: Wolfgang Münchau
It is no accident that the German banking crisis effects only public-sector financial institutions. They are the rotten core of the country's economic system.