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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
Alleviating the Pain of Spain
02.10.2008
By: Alexandre Muns
Spain's biggest challenge, even in this financial crisis, is structural economic reform. There is still an awful lot that remains to be done.
Sarkozy's economics is not working
16.09.2008
By: Wolfgang Munchau
Sarkozy has miscalculated the budget deficit issue. Politically France is losing influence, and economically, he has now insufficient room for manoeuvre to confront the economic downturn.
The case against a Grand Coalition in 2009
23.07.2008
By: Wolfgang Münchau
Forget all this hogwash about the responsibility of the cenrtre. Grand coalitions are undemocratic.
How to deal with Spain and Ireland?
22.07.2008
By: Wolfgang Münchau
This is possibly the worst time to bash the ECB. The biggest risk to the euro area aera economy is a meltdown of the Spanish economy, something which the ECB can do nothing about. We need to consider a quid-pro-quo IMF style liquidity injection into the Spanish economy in exchange for assurances on policy changes.