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Tag Archives: euro crisis
Eurostat: Eurozone debt actually decreasing
…last year. Between June and September 2011, the debt of eurozone governments as a percentage of GDP fell from 87.7% to 87.4%. The recovery’s combination of GDP growth, rising revenue, and falling unemployment meant debt was falling at an annualized … Continue reading
Posted in article, eurozone series
Tagged Angela Merkel, ECB, euro crisis, Germany, Italy, Jean-Claude Trichet, Mario Draghi
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German official ‘simply doesn’t understand’ rest of world
Gideon Rachman of the FT has great run-down of his recent conversations with German officials and diplomats. There is considerable impatience with the Davos-led, Lagarde-Cameron-Geithner line that Germany has to throw more money at the problem, by building a bigger … Continue reading
